
The Privatisation of Public Sector Banks is not a Panacea
In the aftermath of the Rs. 12,000 crore fraud perpetrated by Nirav Modi, the critics of the Indian Banking system has launched into a fresh debate on the ownership structure of India’s Public Sector banks. People like former Arvind Panagariya, NITI Aayog Vice-Chairman, Viral Acharya, Deputy Governo...