Are PSU bank heads feudal lords?

What does the chairman of a public sector bank do if he can’t get into the car that is supposed to ferry him to the bank’s guest house from an airport? He will catch a taxi. Right? Well, partially. Indeed, he will catch a taxi, but he will also suspend the senior executive who is at the airport to receive him. I am not cooking up this story. It happened in Mumbai in the third week of May. On a Thursday evening, the chairman of a public sector bank took a flight from a southern city to Mumbai.

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