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Budget 2021: Agenda For Banking Sector Remains Work-In-Progress
From a bank holding company to consolidation and privatisation, the agenda for banking sector change remains work-in-progress.
27 Jan 2021, 08:33 AM IST i

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Nirmala Sitharaman, India’s finance minister, center right, Anurag Thakur, India’s finance and corporate affairs minister, second left, and other members of the finance ministry pose for a photograph. (Photographer: T. Narayan/Bloomberg)
As Union Budget 2021-22 draws closer, the focus on India’s large state-owned banking sector has returned.Since 2015-16, the government has had commit over Rs 3.22 trillion in cash and bonds to recapitalise public sector banks. To reduce this drain on resources, the Narendra Modi-led government has toyed with ideas ranging from consolidation to privatisation and the setting up of a Bank Investment Company. The proposal of a bad bank a...

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