The banking sector is crying for radical reforms, not temporary shifting of the problem from one hand to the other
At Wednesday's meeting, Jaitley would also review the progress made on decisions taken at the two-day Gyan Sangam
Last week, Finance Minister Arun Jaitley in his Budget speech had announced setting up the autonomous Banks Board Bureau for helping lenders raise capital for meeting expansion needs.
If Modi can ensure the legal changes, then one can be bullish on public sector banks for longer term
Andhra Pradesh and Telangana governments had declared loan waivers for the farmers hit by cyclone Phailin last year
The PM the finance minister need to focus on making public sector banks guzzle less capital. This can only happen with autonomous management and more efficient staff.