Government eventually will privatise Public Sector Banks- Finance Secy

New Delhi, Jul 14 : The government will “eventually” privatise most of the public sector banks and keep its presence to a bare minimum, Finance Secretary TV Somanathan said. Speaking at the India Policy Forum 2021 organised by economic think tank NCAER (National Council of Applied Economic Research), he stressed on the need to push subsidy reforms and improve the quality of public expenditure. Somanathan clarified that his remarks were in his personal capacity and did not reflect the views of the government of India

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