Politicians should stop meddling with public sector banks

P Chidambaram is quoted as saying in Davos that "As long as the public sector is competitive and run on commercial terms, there is no reason to take state enterprises apart." So let's look at banks. India has 24 listed government-owned banks - State Bank of India and three associates, 14 banks nationalised in 1969, and six banks nationalised in 1980.

Read Full Story>>