More than Rs 1,00,000 cr is waiting to enter Narendra Modi govt’s wallet if it bites PSB privatisation bullet; timing is never better
Privatisation of government banks doesn’t mean the government will have to give away control over these institutions for the roll-out of social sector programmes
LIC gets IRDAI nod for IDBI Bank buy: NPA-ridden lender gets a policy cover and the insurer, a risky bet
LIC is using the insurance premium it collected from customers to bailout IDBI Bank, and should the experiment go wrong, it will have to answer the customer first.
Narendra Modi’s unfulfilled promises: Govt must give up control of PSBs; regime has no business to be in business
In its fifth year, the Modi government should walk the talk on privatisation of state-run banks.
To salvage PSBs, the government first needs to get them out of its control and let the private sector take over these banks
The banking sector in India is getting 'privatised' on its own, even though the government continues to own 21 public sector banks.
There is no imbalance in the Indian banking system, just a distorted perspective; privatisation isn’t the only solution
Public sector banks narrowed the performance gap after 2000. Perhaps, popular perception hasn’t caught up as yet.
The government wants to use PSBs for running national level programmes and also expects them to perform.
Why Ruchir Sharma' s caution on an unbalanced banking system is unlikely to find any takers in the Modi govt
Going by the signals, it is very unlikely that the Modi government will rethink PSB privatisation.