Why should RBI be allowed to exit from bank boards?

With the government being the owner of PSBs, as owner, it appoints its top executives viz. chairman, managing director and directors of the bank. In addition to that, it also appoints its nominees, who are generally senior IAS officers, on bank boards. What complicates matters is that under the law, the government also compels the Reserve Bank of India, to appoint its own nominees too on PSB bank boards, much as it has been reluctant to do so. But are the RBI nominees really appointed? Mr. Akhilesh Bharagava, Business Editor of HW Business and Finance shares his insights on the matter.