Govt's approach to PSB privatisation would result in better outcomes: RBI

The RBI issued this clarification after RBI's researchers argued in a recent article that a gradual approach to the privatisation of the public sector banks (PSBs) in India is better than the big bang

On Friday, the Reserve Bank of India (RBI) issued a clarification notification stating that the views expressed in its recent article, "Privatisation of Public Sector Banks: An Alternate Perspective, " do not represent the views of the bank and are of the authors. It also said that the authors are of the view that the government's approach to privatisation of PSBs would result in better outcomes. The article was authored by the researchers at RBI.

In the article, the authors argued that a gradual approach to the privatisation of the public sector banks (PSBs) in India is better than the big