Days of 'what US does today, world does tomorrow' over now: NITI Aayog VC

Rajiv Kumar says the bank privatisation has practical problems, therefore he supports Bank Investment Company

NITI Aayog Vice-Chairman Rajiv Kumar favours the setting up of a bank investment company that would hold government shares in public-sector banks, an idea suggested by P J Nayak Committee. Rajiv Kumar, in an interview with Indivjal Dhasmana, says this is part of the solution but not a complete one to improve the functioning of public-sector undertakings (PSUs). Edited excerpts:

Now, there is a chorus of demands for privatisation of public sector banks (PSBs) in the aftermath of Punjab National Bank fraud. What advice will you give to the government on this issue?

This is not such a simple issue.