Capital alone cannot definitely help the PSBs to survive. They require professional management devoid of political and bureaucratic interference. The menace of bad debts and the other loots through frauds and irresponsible management of affairs without caring for any ethical standards need to be contained if not eliminated altogether to enable PSBs work like banks. PSBs have forgotten basic banking functions and the Deposit customers with whose backing the banks survive. Time to have holistic review and revamp the whole PSBs set up if the economy needs to perform and do not want to be part of the bandwagon Non performers.
Dr T V . Gopalakrishnan
( This comment appeared in Business Standard dated 26th July 2020 against the prentation by Former Dy Governor Mr Viswanathan on banks need to rise capital )
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