 "Viral Acharya, RBI Dy Governor")
Reserve Bank of India (RBI) Deputy Governor Viral Acharya said it could be time to reprivatise some of the nationalised banks to prevent the throwing of good money after bad banks in the form of persistent recapitalisation.
“Perhaps reprivatising some of the nationalised banks is an idea whose time has come?” he said in a keynote address at an event organised by the women’s wing of the Federation of Indian Chambers of Commerce and Industry. In all, the deputy governor’s five-point suggestion on resolution of banks’ current problems is for allowing private capital raising, asset sales, mergers, tough corrective action, and
