and implementing forward-looking strategies. This is especially important because of the government's focus on expediting financial inclusion, he said.
The Khandelwal committee argued that PSBs are likely to face a management crisis from 2012. “Leadership gaps in PSBs are palpable in as much as that in the next five years, 80% of GMs, 65% of DGMs, 58% of AGMs and 44% of CMs would be retiring,” the committee said. CMDs need fixed tenure for effective succession planning.