Let all public sector banks, except key ones, be privatised: C Rangarajan

Former RBI governor and PMEAC chief says there has to be a limit on how much capital the government can put in

The government should consider allowing public sector banks to raise funds through private participation beyond 49 per cent, keeping only some key banks under state control, former Reserve Bank Governor C Rangarajan said. This would make capital available to strengthen a few banks for the interest of the country.

Speaking about the current trends in finance and economics at the International Conference on Finance and Economics (ICFE 2017), organised by Loyola Institute of Business Administration, Rangarajan, who is also the former chairman of The Prime Minister's Economic Advisory Council (PMEAC), said "My own advice would be to keep some of the