The RBI governor's suggestion that the chairman and managing director’s position in public sector banks be split as non-executive chairman and CEO has been trashed by several bankers.
Many banks, including the public sector banks, have bleeding for a while now, but on Thursday they intensified the losses. Ex-chairman of Oriental Bank of Commerce (OBC), BD Narang ranked banks in India at a much better place than any other banks around the world.
Why are PSU bank profits doing a jig every time the chairmen changes? To discuss this with Latha Venkatesh are Former Finance Secretary, S Narayan, Former Oriental Bank Chairman & MD, BD Naranag and UR Bhat, Head of Dalton Capital.
In an exclusive discussion with CNBC-TV18, BD Narang, former executive chairman of Oriental Bank of Commerce and Suresh Ganapathy, banking analyst at Macquarie analyse the alarm floating over the banking sector.
Banking sector veteran AK Purwar believes the pressure on margins for banks could be short-lived. "In the medium-term and the long-term, the banks will see to it that the margins are protected and maintained," he feels.