It is interesting to see that RBI Governor Raghuram Rajan and his company are going to change the governance process of the banks. As the bank stocks have plummeted to their bottom some sort of action is highly necessary. Nevertheless, if the past work of Rajan is taken into account it is unlikely for the banks to gain any thing substantially in the immediate future.
Presently NPA resulted from bad loans took the banks to such a deplorable bottom. Unless action is taken against those officials who are responsible, issue of bad loans would continue and the banks would nosedive to imminent disaster.
-K A Solaman
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