It is well known that the government is not interested in improving the PSUs, Banks included. It will advise for the improvement of services, but at the same time will do every thing to demolish these PSUs. BSNL, MTNL cases are well known to all.
It is the same with the PSU Banks. There are 20 PSU Banks, in addition to those affiliated with SBI. Out of these six banks are working without any CMD. These are Bank of Baroda, Canara bank, Indian Overseas Bank, Oriental Bank of Commerce, Syndicate Bank and Bank of India.
The NPA (Non-Performing Assets), meaning bad loan, are increasing in all the PSU Banks.There is no strong action to get back the amounts from the corporates, big business etc. who have taken the loan and are not repaying. The top management is fully responsible for giving loans with out proper security etc.
The Unions in the PSU Banks are exposing and protesting against these NPAs, but neither the Bank management nor the government is taking any serious remedial measures.