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The Indian government has launched a sweeping action plan to revamp state-run banks, offering their management teams the promise of performance incentives including employee stock options (Esops) and introducing a new policy under which each lender will be monitored on key performance parameters.
This revamp will be the most comprehensive plan since nationalisation of banks in 1969. This would give banks the strategic space for adequate competitive positioning. The plan envisaged for revamp of PSBs is a bottom-up process, ensuring world-class quality and autonomy.
The plan includes:
By: Vishal ProfileResourcesReport error
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