Roll back state capture of J&K Bank

The decision of the State Administrative Council (SAC) to treat J&K Bank like a public sector undertaking (PSU) is a sure recipe for disaster. This is nothing but bureaucratic capture of the bank and institutionalising political intervention.  

The simple question that the Governor should ask is why is every single PSU in the state loss making and on the verge of closure? If the framework of PSU, in which J&K Bank is being put, is better, why has not a single PSU grown in size and