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Updated Jan 13, 2021 | 23:46 IST The former RBI Governor believes that the focus needs to be on strengthening the governance systems within PSBs first and then gradually increasing the share of public ownership in these banks. Raghuram Rajan (File photo)  Key Highlights Rajan believes that the key for a bad bank to succeed will be competent personnel at the helm India must follow through on reforms instead of abandoning them midway, according to Rajan Unfortunately, everything in India ends up on bank balance sheets, because banks are so central to the system, said Rajan Former Reserve Bank of India (RBI) Governor Raghuram Rajan is of the view that India s Public Sector Banks (PSBs) are like a leaky bucket that need to be recapitalised every few years. There are reasonable concerns in the government on filling a leaky bucket. The real problem with our public sector banks is they need to be filled every few years because they make yet another set o

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