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.
Source : https://www.thehindu.com/todays-paper/tp-business/corporate-governance-standards-at-psbs-better/article24606363.ece

About ChinmayaIAS Academy - Current Affairs

Check Also

HUMAN DEVELOPMENT INDEX

CONTEXT: India ranked 131 among 189 countries on the Human Development Index (HDI) for 2019, …

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Free Updates to Crack the Exam!
Subscribe to our Newsletter for free daily updates