A near-universal recommendation in the wake of the Rs 114-billion Punjab National Bank (PNB) scam is the urgent need to privatise state-run banks.
Nearly every commentator has brought out statistics, encompassing but not limited to non-performing assets, to claim that there is no bigger issue that plagues India’s banking sector than the hold that the government, and by extension, a prevaricating bureaucracy, has on most of its assets. While privatisation in the Indian context may seem the need of the hour — if for no other reason than simply for greater vigilance — ...
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First Published: Sat, February 24 2018. 06:01 IST
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