Committed to bank consolidation and privatisation of IDBI bank: Jaitley

Finance minister Arun Jaitley on Friday said the government was committed towards consolidation of banks and privatisation of IDBI Bank.
 

“I stand by both these announcements and they will happen at appropriate time once the financial health of banks strengthen,” he said.
 

Jaitley argued that merging two weak banks or merging a weak bank with a strong one is not an option.
 

A day after presenting the Budget for 2018-19, Jaitley said the government initially considered adopting a universal approach for health insurance scheme but settled for a bit limited coverage, given the fiscal ambiguity over it. He announced the