If PSBs can't lend, they should be privatised: Niranjan Hiranandani

If PSBs are not able to do their job, they should be privatized, president Hiranandani

Niranjan Hiranandani, president of realty association National Real Estate Development Council or NAREDCO, feels that the liquidity crisis has strangulated not just the sector but the entire economy. Hiranandani, who is the founder and managing director, Hiranandani Constructions, as well as senior vice-president of Assocham, tells Dilasha Seth that public sector banks (PSBs) should be privatised if they are not able to lend. Edited excerpts:

The economy is struggling to expand at high rates and private investments are muted. Is liquidity to blame for this?

The issue is of lack of liquidity. It is a challenge that we are not able to