Former RBI governor D Subbarao has suggested that the government should come up with a 10-year road map for privatisation of all Public Sector Banks (PSBs) as it would provide much needed predictability to stakeholders. Subbarao further said that the big bang approach to privatisation of state-owned banks is not desirable but at the same time the issue should not be put on the back burner. “Ideally, we should have a road map, maybe over a 10 year timeframe, to privatise all PSBs. “That will give much needed predictability to all stakeholders,” he told PTI.
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