Another area which is a major challenge, especially in the PSBs, is corporate governance. Some of the recent headline events have shown the PSBs in poor light. As a regulator and supervisor of banks, RBI has been putting a lot of emphasis on this aspect.
In its function as a medium of exchange, medium of payment and store of value, gold is thus, in a sense, a timeless classic.” To gold they tend, on gold depend, all things!”, says Margaret in the First Part of Goethe’s Faust.