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Nayak panel stirs up a row

he committee to review governance of boards of public sector banks headed by former Axis Bank Chairman and Managing Director P. J. Nayak submitted its report a few days before the announcement of election results. The timing of the report is significant. Its major recommendations are — by the standards

Don’t mess with the banking sector

Government ownership has been a factor underpinning stability in banking As the new Finance Minister, Arun Jaitley, comes to grips with his portfolio, he will need to quickly focus on the banking sector. Today, Public Sector Banks (PSBs), which account for over 70 per cent of assets in the banking system,