SBI is doing a wonderful job in modernizing & streamlining operations. Private banks lack transparency; fleece the customers through undue deductions citing maintenance of minimum balance which is hefty, destroying cards issued citing they have not been taken in due time etc.These result in hefty profits with minimum transparency and boost financial indices. Tie up with private companies for salary payments; Govt. Banks should resort to it. Reduce NPAs through optimization. Follow SBI model.

All the branches should be come under external statutory audit without any advance limit and present limit of 20 crores advances should be removed. The appointment of auditors for private and nationalized banks should be done by RBI and this power should not be delegated to the banks concerned. This independence makes an auditor to do his duties without any fear and help to find out the NPA and frauds in time for taking corrective steps. External audit will help for good branch management.

भारतीय रिजर्व बैंक जो कि सभी बैंकों पर नियन्‍ञण करता है उसके अधीन एक विभाग बनाया जाना चाहिये जिसका नाम मुख्‍य टांजेक्‍शन विभाग रखा जावे जिसके माध्‍यम से ही सभी बैंकों में होने वाले सभी प्रकार के लेन देन क्‍लीयर हों शब्‍दों की निश्चित सीमा होने के कारण उक्‍त की कार्यप्रणाली इत्‍यादि को विवेचित करना असंभव होने के कारण निवेदन है कि यदि मेरे विचार पर विशेष गौर फरमानें के लिये कृपया मुझे एक अवसर प्रदान कर विस्‍तृत प्रकट करने का अवसर प्रदान करने की कृपा करे

Govt should transfer banks share to a Special purpose vehicle board of professionals like K V Kamath, Deepak Parekh,Bimal Jalan , N R Narayan Murthy etc to manage them with power to appoint & fire the top management, divest , merge and regulate them as owner. This should go a long way to bring professional approach to these banks. Govt over a period of time can divest part ownership of this board.

4.The scheme of self assessment & assessing each other's performance is another important tool for improving efficiency. 5.Feedback of bank customers be obtained from time to time. 6.Non-performers not to be admonished in open.

1.Rotation of duties is the fundamental key to snub frauds & forgeries especially in the loans and advances portfolios. This will definitely deter non-performance of funds & improve efficiency of employees also. 2. Self assessment & assessing each other’s performance by employees themselves is another key area for improving efficiency. 3. Time bound targets for achieving certain goals in the field of Deposits, Advances, Recovery of bad loans be fixed & out performers appreciated publically

Private Banks are luring employees of public sector Banks by offering higher salary packages. This is a Big threat to the performance of public sector banks as most skilled will shift to other banks leaving the very very less paid jobs of public sector Banks. Less salaries may be reason for committing frauds by Staff, taking bribes, and doing job with vested interests. Govt should open eyes in this regard immediately. As Banks jobs are losing fame, no youngster will join Banks in future.

Public sector bank employees are least paid. Working conditions are very tough. Risk factor is very high. New generation not preferring to join Banks. Govt should have salary of bank employees in line with other other industries to attract new generation &deliver better results.

In the era of CBS and Internet still Government Departments, Income Tax Department also using cheques. Cheques and Drafts should be abolished to reduce manual Bank work, to make all the transactions through acts to pay applicable TAX, to save on stationery for printing cheques and drafts, to reduce manpower in Clearing Departments, to reduce even elec clearing. Using of currency to be minimised by implementing Card Swiping machines to arrest black money and to book all transactions for I.T.

Central KYC agency must be formed I/o all banks are creating their own KYC it will ease the a/c opening and will eliminate the possibility of opening multiple bank a/c's by professional fraudsters and loan defaulters.