- Appointments: Government had already announced that the post of Chairman
- and Managing Director in Public Sector Banks are to be split into (a) MD and CEO; and (b) Non-Executive Chairman.
- Under the new process of selection for MD and CEO, even private sector candidates are also allowed to apply for the position of MD and CEO.
- Banks Board Bureau: BBB is a body of eminent professionals and officials, which replaced the Appointments Board for appointment of Whole-time Directors as well as Non-Executive Chairman of PSBs.
- Capitalisation: Government of India has made an exercise to estimate the capital requirements (₹ 70000 cr) based on credit growth rate of 12% for the current year and 12 to 15% for the next three years depending on the size of the bank and their growth ability.
- De-Stressing PSBs: The government will concentrate on de-stressing the hank’s bad loans.
- Empowerment It provides greater flexibility in hiring the manpower to banks.
- Framework of Accountability: The government announced a new framework of key performance indicators for state-run lenders to boost efficiency in functioning while assuring them of independence in decision making on purely commercial considerations.
- Governance Reforms: Specific decision will be taken on optimising capital, digitizing process, strengthening, risk management, improving managerial performance and financial inclusion.