Learn from mistakes: Letter to BS on PNB scam and banking sector crisis

This refers to “Don't waste the bank scam crisis” by Somasekhar Sundaresan. The author makes very pertinent observations on the most relevant and contemporary topic of the day. The blessing in disguise is that the government and the Reserve Bank of India (RBI) could wake up and act swiftly to combat the threatening maladies of the public sector banks (PSB).

We do not know how many such malice driven episodes were swept under the carpet for long during the earlier regime. A separate holding company, may be under the Banks Board Bureau by amending the law, should be set up. The