This is regarding reports in certain sections of the media stating that the RBI is against privatisation of Public Sector Banks (PSBs)," the central bank said.
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Friday, August 19, 2022
RBI clarifies on recent bulletin article on privatisation of public sector banks
The Reserve Bank of India (RBI) on Friday clarified on a recent bulletin article on privatisation of public sector banks. Adopting a “big bang" approach to privatisation of PSBs would do more harm than good, said the article published by the RBI on Thursday, instead batting for a more gradual withdrawal of state control.
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