The banking is in a mess and the recent measures of the Government under Indra Dhranush
to
reform the public Sector banks cannot be a remedy to make the PSBs perform professionally,
viably and rescue the economy from its paralytic condition to say the least. The
Governor’s point that
the time for incrementalism is past and could well allow a potential crisis to
morph into an actual one needs to be viewed seriously and actions initiated
with right earnest to improve the health of banking which is critically ill and
suffering from various weaknesses. right from absence of adequate human resources to
financial capital. The reluctance to handle the government schemes like Jan
Dhan Jojana emanates from lack of vision on the vast business potential in the
offing in different ways and the indifference to such schemes citing non
viability and demanding compensation. The problems of PSBs are human resources
and the professionalism in handling the business in a competitive environment
where payment banks, small business banks and private sector banks are becoming
order of the day and are enhancing their presence. The only way for psbs to
survive in business is to qualitatively improve its human resources potential
and find ways and means to enhance capital, expand business opportunities and
handle assets portfolio on commercial lines
and improve profitability by bringing in utmost efficiency in the management of
balance sheets.
Dr T V Gopalakrishnan .
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