Let state-run banks hire own management: BoB chief Venkatesan
Outgoing Bank of Baroda Chairman Ravi Venkatesan has said the government must allow banks' boards to hire their own management and free them up to decide strategy. At present, senior appointments are made by a government-appointed panel. He also said India needs "fewer, better capitalized, and better run public sector banks" and that state-run banks are "systemically more accident prone".