8) Discuss the solutions to address corruption problem in public-sector banking system.
- February 20, 2018
- Posted by: INSIGHTS
- Category: INSIGHTS
Topic: Work culture, Quality of service delivery, Utilization of public funds, challenges of corruption
8) Discuss the solutions to address corruption problem in public-sector banking system. (150 Words)
Why this question?
Corruption is unique to each institution and requires unique solution to eradicate it. Rooting out corruption is public sector banks has been a major issue since demonetisation. Understanding how corruption works and coming up with unique solution will help you discern nature and cure of corruption at institution level.
Key demand of the question:
It’s a very specific question with limited scope. Entire answer should focus on varying solutions to address corruption in public sector banks. Don’t deviate and try to come up with solutions that are not specific to banking system.
Discuss: Solutions should be multi-pronged, hence the directive is discuss – which means your solutions should be multi-dimensional.
Structure of Answer:
In the introduction, highlight the cost of corruption in banking system and why it needs urgent solution (you can link with current affair as well)In the body, divide answer into 3-4 parts such as de-nationalisation; better incentives for management etc and provide example or model that already exists (a foreign country might have a solution – if possible quote it as an example).In the conclusion, show concern that it’s also an ethical issue and needs cooperation from all stakeholders.
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