In a recent media interview, Shri P.S. Jayakumar – MD & CEO, Bank of Baroda was optimistic about the economy. He said that lending will gain momentum though in the automobile sector it appears weak. His advice to the bank chiefs on the mergers was to accept the best of breed and have a meritocracy approach and said that technology platforms coinciding are important along with other factors. He expressed the need for more Executive Directors, a chief risk officer and a focus on technology and integration.
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