Reform PSBs, not Privatise them!!
Can governance in PSB get better? The answer is an obvious YES. But on d whole, India has had a great, atypical experience with banking risks. At comparatively low costs to the fisc as well as to the economy, banking crises have been managed.
Can governance in PSB get better? The answer is an obvious YES. But on d whole, India has had a great, atypical experience with banking risks. At comparatively low costs to the fisc as well as to the economy, banking crises have been managed.
We could continue with this model, improve it at the margin with more operating independence for PSB, better governance etc.
Or we could bite d reform mantra on tenuous logic & data, privatise, later end up with a privatised banking system, which will be loss to Marginal peoples
Or we could bite d reform mantra on tenuous logic & data, privatise, later end up with a privatised banking system, which will be loss to Marginal peoples
Pvt Sector r prone to periodic black swan risks, necessitating large taxpayer bailouts periodically!! example of Yes Bank collapse & PMC Bank crisis is infront of us
To paraphrase a popular adage, with friends (Of reforms) like these, who needs enemies?
#IndiaNeedPSBs
#949Days
To paraphrase a popular adage, with friends (Of reforms) like these, who needs enemies?
#IndiaNeedPSBs
#949Days
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