The government’s decision to fill the whole time directors position including that of CMD / CEO / Managing Director (MD) positions in PSU Insurance companies and the State Bank of India (SBI) through open market recruitment marks a significant shift in the management approach of public sector institutions. It signals a desire to bring in private sector dynamism and fresh perspectives into long-established state-owned financial entities. However, this decision has sparked a deeper debate on whether such lateral inductions can genuinely strengthen public institutions or disrupt their intrinsic ethos.

Public Sector Undertakings (PSUs) likes of LIC and SBI operate within a framework that emphasizes stability, continuity, and collective decision-making. Over the decades, these institutions hav

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