Will Budget take a pause on bank privatisation even as lenders hit a purple patch?

The government is now convinced that the PSBs are in very good shape and are more marketable than they have ever been, said Madan Sabnavis, chief economist at Bank of Baroda, given that the financial system is quite ‘sophisticated’ today. Sakshi Gupta, Principal Economist at HDFC Bank, expects the government to reiterate the previous years’ announcement (of privatisation of two PSB banks) and commitment towards delivering the same in this fiscal year that starts April 1.

from Banking/Finance-Industry-Economic Times https://ift.tt/x9EeVNd