Board appointments are based on political contactacts and influence. Merit is the last and the least consideration to get into banks' Boards. This can be easily verified from the details of Banks' boards Members; their qualifications , experience etc if one were to peruse the records of Banks. All public sector banks have Board members appointed by the Political Bosses and without having any qualifications for being in banks Boards. This has been the feature since Nationalisation of banks in 1969 and even now it is continuing unabated.
Dr T V Gopalakrishnan
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