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Banking reforms coming: Jaitley

Says committed to having PSBs managed professionally, a stable tax regime and globally competitive economy

BS Reporter  |  Mumbai 

A day after Prime Minister Narendra Modi hinted at more tax reforms, Union finance minister Arun Jaitley spoke of some to come in the banking sector. He also said the government would reduce its stake in public sector banks (PSBs) to 52 per cent. Read our full coverage on Union Budget 2016 The thrust is on managing of PSBs with competent professionals on board, though the sector is not ripe for the government to move out completely from these, he said. “There is much work to be done in financial inclusion,” added the minister, who is to present the Union Budget ...

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First Published: Mon, February 15 2016. 00:40 IST