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Akash Prakash: Reflections on PSBs

Systemic reform of government-owned banks will ultimately have a huge positive impact on capital productivity in our economy

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Psb

Akash Prakash 

Akash Prakash

I had the opportunity to spend some time in India recently, meeting various stakeholders in the financial system. As always, the stress in public sector banks (PSBs) was the main topic of discussion.

Opinion was mixed, with some asking how it matter what happened to the government-owned banks? They would simply go the way of other large public sector undertakings (PSUs) when faced with competition, wither away with time. Others argued that withering away was not an option, these banks were too large and systemically important, this is not an MTNL we are talking about, but 70 per cent of our ...

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First Published: Thu, June 16 2016. 21:50 IST
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