Privatisation of banks unlikely to hurt financial inclusion drive, national interest: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman addressed concerns about bank privatisation. She stated that nationalisation in 1969 did not fully achieve its financial inclusion goals. Government control led to unprofessionalism in public sector banks. Sitharaman expressed confidence that professionalised banks will better serve national and banking interests. The government is proceeding with IDBI Bank's privatisation and has consolidated other public sector banks.

مصدر