The concept of specialized Banking would enable improved efficiency and effective monitoring and control. Would enable the banks to keep away from financing the dubious industry/companies as such. The case of Non Performing assets to can be brought down to a minimum as banks would have become more specialized in their operations. Such a banking system would also enable the Govt. to proceed easily with the Single window clearance/approval to new industry.

The concept of specialized banking would usher in a New era in the Banking Industry. if implemented and would serve as a very big boost to the various Industry that are capital intensive. This way the Banks specializing in serving the public too can be used as a media to extend the welfare schemes of the Govt. from time to time. The specialized banking would enable the banks to concentrate and specialize in their Industry specific services.

Industry specific banks may be started. Such banks should offer banking solution to only a few industry [ Ex: Heavy Engineering, IT etc.,] This would enable the banks to specialize in a industry and offer effective banking solution. From the Industry side too it would be highly beneficial as their needs could be fulfilled through tailor made banking solutions from these specialized Banks.

Suggestions on this may also be received from the existing employees of PSB's......infact they may have better ideas..!!

The PSB's may be brought under a separate Authority that would focus more on improving profitability of the banks as well as make them socially responsible. Let them not be called Public sector banks.....Spin them off as the Banks of the Public..with Nation's priorities as their foremost objectives.

(a) Infuse young bloods at sr management (for risk taking appetite and out of box thinking) and at operating level (for bringing in alacrity in daily service) (b) Engage smart personal relationship manager for NRIs and high net worth individual (c) Ensure uninterrupted mobile, internet banking and email connectivity (for clarifications, monthly statements etc)with individuals, particularly NRIs (d) Match the interest rates of private banks (e) Reduce waiting time for any service at bank premises

1. Clarify the objective of the psu banks whether social political or only profit earning 2. Clear guidelines regarding loans sanctioning, deposit mobilising and kyc 3. Less interference from govt officials, ministers and mps 4. Power to attach the property and assets of the NPAs like Income TAX and other tax authorities 5. Security to officers who r trying to recover bad loans 6. Equal rank and pay scale to civil service officer 7. Differentiate between performing and non performing employees

Dear sir, I am really thankful for such initiative. The performance of the psu banks cannot be at par with private sector banks. Reasons are as follows The objectives are different One is only for profit making & other has social objective also Psu has to partivipate in govt schemes such as PMJDY, VBY, PMRGY, etc... Employees has to be part of election duties Job profile is not decided Cust base is vast. Treat psu banks as only profit making and u can get more result than pvt banks Guarteed

People don;t want to go to Public sector banks because of below: - Not people friendly in behavior - Not at all flexible - Not at all technology/automation friendly - Not ready to try any innovation (except SBI) They should change above and you see MNC/Private sector banks will feel the heat.

please see video