Letter to BS: A loan-laden weak public sector bank is like a health hazard

The government must give free hand to the banking sector to revive itself

This refers to “Banking on the Union Budget” (July1). I strongly support the views expressed by the author that a loan-laden weak public sector bank is like a health hazard and cannot make any good for the society. The suggestions to improve the financial health of the banks by giving a free hand to the top management is well-taken. Recently, the Minister of Finance, Nirmala Sitaraman, asked for suggestions from public to improve financial sectors by preparing a foolproof Budget shows good intentions of NDA government.

I may also add that privatisation of weak banks is not a bad idea if