Making bank privatisation exemplary

The policymakers could have chosen no better time than this financial year as the financial quality of the PSB balance sheets has improved this year compared with the last few years

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Ashvin Parekh

5 min read Last Updated : Apr 12 2021 | 10:36 PM IST

The proposal of the Union Budget to privatise two public sector banks (PSBs) is a bold and path-breaking one. It truly lives up to the promise made by the government to reduce its ownership and management of businesses and gradually encourage the private sector to take on a larger role in the financial services sector.

The policymakers could have chosen no better time than this financial year as the financial quality of the PSB balance sheets has improved this year compared with the last few years. The non-performing asset (NPA) recovery is much better and the strong message of repayment of

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Topics : Coronavirus privatisation of public sector banks public sector banks PSBs PSB privatisation privatisation Bank mergers PSU Banks Privatisation of PSU banks Disinvestment Indian Banks

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