PSBs shouldn’t be privatised, reduce govt stake to 26%: RBI Board member
Community sector banking institutions must not be privatised offered the country’s developmental requirements but the govt can glance at lowering its shareholding to 26 for every cent by promoting a more substantial part of its stake to common Indians, RBI’s board member Satish Marathe said on Saturday.
Marathe, who started out functioning in a state-run lender right before getting connected with the cooperative banking institutions sector, on the other hand, said that public sector banking institutions need an overhaul of their programs, processes and workers attitudes to be relevant and productive in the upcoming.
He manufactured the remarks through an
