Shaktikanta Das endorses formation of 'holding company' for PSBs

Last Updated: Apr 25 2018 | 7:06 AM IST

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New Delhi, Apr 25 (ANI): Former economic affairs secretary Shaktikanta Das claimed that it was time to set up a 'holding company' for public sector banks (PSBs), in the wake of the recent economic reforms. Das said "It is my personal opinion that the government should make a holding company for public sector banks. There are around 21 such banks. I feel that around ten should be retained as it is, and the rest should be merged or taken over. The creation of a holding company will allow shares of these PSBs to be transferred."