Government has brought in private sector executives to run two of its largest state-owned banks, the first such appointments in a broad reform plan to shake up the country's dominant but often inefficient government-backed le
In a significant change of policy, government has roped in private sector professionals to run two of its largest banks -- Bank of Baroda and Canara Bank -- as it announced appointment of MDs and CEOs of five lenders.
Canara Bank today reported 40.65 per cent decline in net profit at Rs 478.84 crore in the first quarter ended June as it parked a higher share towards contingencies for bad loans.