(a) whether the Government propose to enhance the powers of .nominee directors in the financial institutions under the control of the Government;
(b) if so, the details thereof; and
(c) if not, the reasons therefor?
(a) whether the Government propose to enhance the powers of .nominee directors in the financial institutions under the control of the Government;
(b) if so, the details thereof; and
(c) if not, the reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL)
(a), (b) & (c): No Sir. No such proposal is under consideration of the Government as the existing powers available under the relevant Acts for the nominee director on the Boards of Financial Institutions under the control of Government have been found to be working satisfactorily.