India doesn't need so many public sector banks, says former SBI chief

Bhattacharya further said much of the goals that are expected to be achieved through privatisation of PSBs can also actually be achieved by enabling the state-owned banks and by levelling the playing field

PTI

September 28, 2022 / 18:02 IST

India needs 'fewer' but stronger Public Sector Banks (PSBs), and the smaller ones could be privatised or merged, former SBI chief Arundhati Bhattacharya has said.

Bhattacharya further said much of the goals that are expected to be achieved through privatisation of PSBs can also actually be achieved by enabling the state-owned banks and by levelling the playing field. "The thing is, privatisation has never been the answer to all the ills," she said.

PTI

first published: Sep 28, 2022 03:22 pm

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