If a bank chief isn't beholden to a FinMin join secretary; he will behave differently, says Montek Singh Ahluwalia

In a conversation with the ToI, the former deputy chairman of the Planning Commission said that If the chairman of a PSB is not beholden to a joint secretary within the finance ministry he will behave differently. I think the time has come to recognise that the bureaucracy in the finance ministry adds no value to the quality of banking.

from News-Economic Times https://ift.tt/2OTMyhq