This is with reference to ‘Bosses need some hand holding too’ by Sridhar Ganesh (July 21). Even born leaders need help to guide their teams. Many Indian companies, especially in the public sector, have ignored the development of their human resources, to their detriment. Leadership emerges on account of proper mentoring and out of well defined policies. Lack of interest in the growth of employees may result in demotivation. The transition from middle management to top management, if not planned properly, may also result in ‘loneliness’.

Rahul J Gautam

Bengaluru

What a shame

This refers to the editorial, ‘Dog in the manger’ (July 21). It is regrettable that State governments are preventing private power producers to sell power to the Railways at rates that are almost 30- 40 per cent less than what’s offerred by SEBs. The minister deserves praise for his efforts to make the railways shore up revenues and utilise them for improvements.

K Ashok Kumar

Kolkata

In the national interest, State governments should be persuaded to provide the no-objection certificates to independent power producers. It is also possible to invoke provisions of the Competition Act 2002 as reluctance on the part of State governments amounts to unfair trade practice.

S Kalyanasundaram

Email

Autonomy for PSBs

The Government has now conveyed its intention to infuse ₹22,915 crore into 13 state-run lenders. This is good news for capital-starved banks. To what extent it will help them meet regulatory compliance or in expand their credit to give impetus to growth is anybody’s guess. It is estimated that PSBs will require additional capital support of at lease ₹3 crore over a period of three years until 2019.

As the largest stakeholder in PSBs, to what extent will the Government be able to meet these additional capital requirements amid a not so favourable fiscal situation? What would be the response of banks in the face of global uncertainties and market volatility? A permanent solution lies in taking some bold initiatives and reducing dependence on government. Ensuring greater functional autonomy, a more professional management of operations, and better risk management profiles are critical for banks to achieve independence.

Srinivasan Umashankar

Nagpur

Clean-up job

SBI’s joint venture with Brookfield Asset for a total of ₹7,000 crore to clean up the balance sheet and invest in stressed assets is a good move in the wake of heavy increase in its NPAs as on March 2016 to the tune of ₹98,173 crore, but it seems to be very low compared to the heavy NPA burden. With ARCs almost having failed in their job, the present agreement will pave a new way for reducing the burden of NPAs.

Likewise, other banks also must find a way to clean up their balance sheets without depending much on the Government. In the case of capital infusion also it is evident that government will be unable to infuse the full required capital to banks in which case they have to go for public issue. This new approach will encourage NPA borrowers who are unable to infuse funds and lenders who are reluctant to provide additional exposure. If SBI succeeds in this, other banks must follow suit.

TSN Rao

Bhimavaram, Andhra Pradesh

Monitor the schemes

It is good that NITI Aayog is actively interacting with States. The implementation of new government schemes requires differentiated emphasis on a region-wise and district-wise basis. Each scheme should be diced, segregated and entrusted, with two-year targets, to well-identified monitoring or implementing groups comprising public and private entities. This should be reviewed every six months for actual flow of pre-determined monetary, physical and personnel resources. The reviewers should effect course corrections on an ongoing basis. This will generate practical ideas for effective implementation.

KU Mada 

Mumbai

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