The 'crisis' in the Indian banking sector, particularly in the public sector space, should be used as an opportunity to privatise the banks, industry body ASSOCHAM said.
But it must be done in a manner that the exercise gets "wider acceptability," it said.
"For starters, the government equity which is as high as 80 per cent in some PSBs, should be brought down to below 50 per cent."
However, Rawat said, privatisation of the banks should not be done in a harsh manner and be done in a way that is acceptable to the "political leadership."
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