Corporate governance standards at PSBs better

Emphasising that corporate governance standards being followed by public sector banks are much better than ever before, Finance Minister Piyush Goyal said the government has stopped the “phone-call thing” coming in from Delhi to the banks.
In an apparent dig at the previous UPA regime, Mr. Goyal said that not a single phone call would go to “give a loan, to address a loan, to restructure a loan or to settle a loan.”
Against the backdrop of high amounts of stressed assets in the banking system, the ruling BJP had alleged that earlier, banks used to get calls from the higher ups in the national capital to provide loans to various entities.
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