Essay on indradhanush mission for banking

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The focus on capital efficiency rather than business growth marks a paradigm shift, says the report. This could be a precursor to setting up a bank holding company that will be the repository of government stakes in state-run banks. The government also said banks will be given the flexibility to hire permanent staff at the middle management level, and announced the appointment of chief executive officers CEOs for five state-run banks, hiring two from the private sector. Crisil notes that the clear timeline given for the setting up of a Bank Board Bureau and the announcement inducting professionals as non-executive chairmen will help improve governance in state-run banks. As part of appointments announced on Friday, the government tapped private sector professionals for top posts.
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Govt plans 'Indradhanush 2.0' for recapitalisation of public sector banks

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Mission Indradhanush for Banks - BankExamsToday

Follow AllBankingSolutions. Rajesh Goyal. With this single word, they have tried to paint a beautiful picture which we see in the sky after dark clouds and rains. Before we analyse these in next article, let me try to explain briefly and simple words what is there in the document called Indradhanush.
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Mission Indradhanush for Banks

M ission Indradhanush was launched by the government to revamp the functioning of Public Sector Banks. To revive the fortunes of public sector banks, government unveiled a seven-point plan encompassing Rs 20, crore immediate fund infusion, creation of a single holding company and minimizing political interference. Indradhanush mainly focuses on systemic changes in state-run lenders, including a fresh look at hiring, a comprehensive plan to de-stress bloated lenders, capital infusion, accountability incentives with higher rewards including stock options and cleaning up governance. The 7 points of Mission Indradhanush include:.
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