RBI warns govt over privatization of banks
Thu, Aug 18, 2022 10:30 PM

RBI warns govt over privatization of banks

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An RBI article warns the government that Big Bang privatisation of public sector banks can do more harm than good. It questions the government on taking a nuanced approach on the issue. The article states that, “From a conventional perspective, privatisation is a panacea for all ills, the economic thinking has come a long way to acknowledge that a more nuanced approach is required while pursuing.”

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