The boards of banks should specifically pay attention to creating and sustaining a culture of effective control in the banks. 19. Fifth, even though the Government’s capital infusion has helped public sector banks (PSBs) to improve their balance sheets, I would like to stress that PSBs should not become too dependent on this source.
Depending upon individual situations, PSBs should access the capital market for mobilisation of capital. 20. Sixth, I have referred to the importance of the IBC and the new bankruptcy regime earlier. There are, however, delays in the resolution of cases, as a significant number of them have extended beyond 180 or 270 days.