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SBI chief asks PSBs to improve governance to get investors

SBI chief asks PSBs to improve governance to get investors

Wednesday, March 15, 2017, 6:27 PM

State Bank chairperson Arundhati Bhattacharya today blamed the governance at public sector banks for poor investor appetite for them and their resultant inability to raise cheaper funds from markets. “State-run banks cannot have a default fall-back on the government for capital. If you are looking to raise capital the one thing that investors always talk about is the board governance.
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