Financial Daily from THE HINDU group of publications
Thursday, May 23, 2002
Financial Daily from THE HINDU group of publications Thursday, May 23, 2002 |
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Opinion
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Letters Bank management decisions
Money deployed in banking transactions is mobilised mostly from the constituents, that is, positive account-holders such as SB account-holders and depositors. But in transactions involving change of management and other policy decisions, these people are least cared for. Does this meet the norms of natural justice? While money of shareholders plays a minor role in all banking transactions, consent from them is essential for change of management. How is the interest of the depositors/constituents safeguarded? Is it that the consent of the shareholders alone is adequate, just like in other companies? Sankaran
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