Photo: Abhijit Bhatlekar/MintThe PNB fraud has turned into a public sector versus private sector debate. Where’s the contradiction between public sector banks and the private sector then? While some of the private banks, too, have seen high bad debts, they pale in comparison to the NPAs of public sector banks. They found, strangely enough, that the more vulnerable PSU banks performed the best during the crisis. The RBI can ensure that private sector banks fulfil any targets seen to be socially desirable.
Source: Mint March 13, 2018 02:26 UTC