PSU Banks-Redesign

Even simple rural banking cooperatives have not improved in ten decades.All their ills of dual control and partisan interests got needlessly transmitted to the more modern PSU Banks.It need not have been so and this resulted in unprofessional management systems.The advent of private sector banks did improve the quality of govt.banks.Changes in the regulatory framework, rising customer expectations, shift in the employee demography and changes in technology have emerged as key drivers of change for the Public Sector Banks. The public sector banks are gearing up to meet demands from expansion, optimise resources, increase their presence across the value chain, renew focus on R&D and innovation, create a  better performance culture and service customer demands effectively. 
Government must now work towards cutting its stake This will help in raising the much needed capital through divestment route, aid in systematic recapitalization and more importantly bring in capable leadership that would perform with confidence and ability.