Saturday, February 6, 2021

View: Sell the best public sector banks; bids can be foreign

All bidders will be required to have large balance sheets to ensure sufficient capital for banking. Many industrial houses have capital aplenty. But till now the government has, quite correctly, not allowed industrial houses to own banks, because of a patent conflict of interest.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/view-sell-the-best-public-sector-banks-bids-can-be-foreign/articleshow/80730818.cms

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