As we debate on the issue of cost reduction structures, we may also discuss issues relating to writing of stand-alone options. Given the market conditions and issues relating to suitability and appropriateness, would it be timely to allow writing of standalone covered options? Alternatively, instead of allowing writing of standalone covered options, should we consider allowing cost efficient structures with safeguards?
If such a freedom, genuine freedom is given to public sector banks, would the benefits be more or less, to all concerned, i.e, owner and work force? (f)  Public sector banks have an element of public sector accountability and institutional factors operate differently for different banks.