Industry bodies such as Assocham, FICCI and CII have demanded that public sector banks (PSBs) be sold off to the private sector.
With the ballooning of NPAs in the public banking system in India, and the recent PNB scam, the clamour from the private corporate sector for the privatisation of public sector banks has intensified. Industry bodies such as Assocham, FICCI and CII have demanded that public sector banks (PSBs) be sold off to the private sector. Newsclick discusses these issues with Thomas Franco.