Sudden transfer for the heads of 7 public sector banks
Posted on: 06/May/2017 11:26:08 AM
The central government has appointed new heads for 7 nationalised banks. The transfers are attributed to the main reason of the huge accumulation of unpaid loan.
However, the central government has explained that this action was taken as many of the present heads are due for retirement.
The new heads have been strongly advised to get over the high inertia in the administration of these banks. The heads of some other banks have also been transferred.
