rbi on psb privatisation, risk of privatization of banks.. RBI warning! – rbi research report says privatization of public sector banks can do more harm than good

Central government is planning to privatize public sector banks. In this case, the Reserve Bank of India has warned that privatization of public sector banks is more dangerous than good.

Public sector banks are efficient in maximizing profits. Public sector banks, on the other hand, have performed well in achieving the goal of bringing financial services to all, the study said.

Privatization of public sector banks has both advantages and disadvantages. This thesis states that there is ample evidence that public sector banks are not solely profit driven.

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Therefore, the RBI report recommends that the government should take a step-by-step approach in privatizing public sector banks to achieve the goal of making financial services available to all.

After the report sparked a debate on social media, the RBI clarified that the report was prepared by RBI analysts and the views expressed in the report were not those of the RBI.