They have been opened to international competition and are subject to domestic restructuring. These affect the portfolio of older banks which are mostly PSBs, disproportionately. (e)  As regards staff costs, new private sector banks have enormous flexibility of entry and exit. The public sector banks simply do not have the freedom.
I wish the branch well in its endeavours to achieve its mandate of acting as a forum for business people to share their experiences and forge solutions that will create a conducive business environment. To the readers, may you have an enjoyable and fruitful read and direct innovative ideas to us in CBK. 2  BIS Review 91/2007