To say that corruption is there in pubic sector banks because of huge salary differential is totally wrong. i can bet even if u increase salary to rs 3 crore annually corruption will only increase as the demands will go substantially. instead of maruti car the person wil now demand Benz. Also private sector is equally corrupt if not more than public sector -only it gets exposed much less as there are enough money with the CEO s to cover up the news.
Review each officer after each 5 years after the age of 45, whether they should continue or retire. This will bring accountability and will induce new blood against non performers.
"...lack of accountability....Even in instances where investigations are concluded, there is a tendency to hold only the junior level officials involved..." No surprise here....All the bigshots at PSU banks are sycophants of the venal Congie aka Cabal Of Corruption. Finally, someone IS talking about "accountability" and past govt's misdeeds in allowing wanton bribery and corruption to go unpunished...for over six decades because the ED and CBI and other fed. "investiagtive" agancies had to kow-tow to the diktats of venal Congie high command.
$2 Trillion Bank Loans Are Evaded By Bania. Tell Gandhi/BANIA to take their Caste share of land from India and go build their own nation as per "Communal Award". They're less than 1% in India.
