Friday, December 19, 2014

REVERSE BRAIN DRAIN FOR PSU BANKS

In a major shift from its earlier policy stance, the government could turn to private sector lenders to rope in the best talent.
So far, only internal candidates already engaged with public sector banks could apply for the top post.

The move comes at a time when banks are witnessing a surge in non-performing assets — loans that do not yield returns — and slowing credit demand. While state-owned banks have been hiring talent from outside for various other roles, the top slot has always been reserved for insiders till now.

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