The government is leaning towards the view that a bank’s exit from the public sector should be total when it is privatized. However, to make the sale attractive, the government wants the Reserve Bank of India (RBI) to relax the rules on ownership in private sector banks.
A senior government source said there had been intense discussion between the Prime Minister’s Office (PMO), the finance ministry and the RBI about what level of engagement should be retained. There have also been conversations with non-government specialists this exercise, especially since July, when the PMO had asked the …
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First Post: Monday, Oct 19, 2020 6:10 AM IST
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