Friday, May 29, 2015

Performance review norms by Banks' boards

This is a good approach.  It however presupposes that the Banks' Boards  conist of professionals to have an effective and meaningful review of the Banks'business strategy, financial reports and their integrity, risk, compliance, customer protection, financial inclusion and human resources. This depends on the selection of Banks' boards of directors which need to be based on domain knowledge, professional competence, proven integrity and well established performance records. Will RBI ensure this? As it is,even PSBs do not have very  competent Boards is a fact proved in their performance records with ever increasing NPAs and dwindling profits. 

Dr.T.V.Gopalakrishnan

( This comment is given to BS)

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