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North Block Ayes Gizmos For Its Nominees On Bank Boards

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Our Banking Bureau BUSINESS STANDARD

North Block seems to have finally been smitten by the technology bug. The finance ministry in a diktat to all public sector banks has sought laptops and cell phones for its nominee directors.

While laptops have been given to all directors, mobile phones are meant for only government nominees. The directive is aimed at better facilitating board functions.

Even though the ministry is silent on who will foot the mobile bill, banks are picking up the tab.

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First Published: Sep 18 2003 | 12:00 AM IST

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