Public policy makes progress, one fraud at a time. Public sector banks do not need the regulator’s approval to appoint CEOs, whereas private sector banks do. Two, in the NPA problem, private sector banks had their own share of skeletons. Further, private sector banks are guilty of misselling and over-selling financial products. Further, politicians will know that there cannot be job reservations in private sector banks.

Source: Mint February 26, 2018 18:45 UTC