Re-privatise weak PSU banks: RBI Dy Governor

Mumbai, April 28 

Reserve Bank Deputy Governor Viral Acharya today said the time may have come to “re-privatise” some of the nationalised banks, as the government scurries for funds to capitalise bad loan-saddled lenders.

“Perhaps re-privatising some of the nationalised banks is an idea whose time has come ... this would reduce the overall money government needs to inject as bank capital,” Acharya said, addressing a Ficci women’s wing event here this evening.

Such a move will also help preserve government’s “hard-earned fiscal discipline” that has made the country a “darling” for foreign investors along with stable inflation outlook and the diverse nature of the growth engine, he said. — PTI