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While the govt has the final say in deciding the buyers, from the regulator’s perspective, the bidders should meet RBI’s fit and proper criteria and have enough financial strength to capitalize the banks significantly, Governor Shaktikanta Das said
PSBs should operate like proper banks if they can’t be privatized Premium Share Via Read Full Story Bank unions plan to go on a strike on 15 and 16 March to oppose the planned privatization of public sector banks (PSBs). In the budget, finance minister Nirmala Sitharaman announced plans to privatize two PSBs, apart from IDBI Bank. The privatization of IDBI Bank is very important if the government wants to get a good valuation while listing Life Insurance Corporation (LIC) of India. Prospective investors won’t like the idea of an insurance company owning a bank, almost one-fourth of whose ...