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FM to meet PSB top brass as bank woes mount.
(From The Economic Times)
Byline: Samik Dasgupta
: Concerned over the performance of Punjab & Sind Bank (PSB), finance minister P Chidambaram will be meeting the top management and senior employees of the bank tomorrow.
The move is a follow up of the presentation made by the PSB management on June 15 to the finance minister, where the top management, comprising chairman designate R P Singh and executive director P Subbarao, had asked for a Rs 500-crore financial package to help turn around the bank.
While the government had earlier ruled out any bail-out package and had asked the management to revive the bank in line with the UCO Bank …
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