August 17, 2015 2:58:40 am
The finance ministry has ruled out hiring private sector individuals to head public sector banks and instead would look within their internal talent pool for future appointments.
“For the remaining 16 banks we have no proposal to induct private people…we will soon start interviews, where it will be from PSBs only,” financial services secretary Hasmukh Adhia said.
The government had last week roped in private sector professionals to run two of its largest banks — Bank of Baroda and Canara Bank.
“These are top banks and we wanted to try it as a pilot,” Adhia told The Indian Express.
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