Union Budget 2021: Sitharaman defends privatisation of PSBs in interview with News18, says India needs more efficient banks Sitharaman also said that the government is looking at setting up a holding company for banks bad assets to address the NPA issue. FP Staff February 01, 2021 21:03:53 IST Finance minister Nirmala Sitharaman presented the 2021-2022 Union Budget on Monday. AP
In an exclusive interview to CNN-News18 s Rahul Joshi after unveiling the Union Budget 2021 on Monday, Union minister Nirmala Sitharaman weighed in on the key takeaways from the budiget and defended the Centre s push for disinvestment, including two public sector banks. There is a need for more efficient banks in the economy. We can’t have laggards. We have engaged with the RBI in a big way on bank privatisation, the finance minister said.