Friday, July 31, 2020

Former RBI Deputy Governor Viral Acharya warns against privatisation of PSU banks at discounted prices

Former RBI Deputy Governor Viral Acharya warns against privatisation of PSU banks at discounted prices Citing the example of the South Asian crisis in 1997, Acharya said that a large number of public sector banks in the region had to be privatised post the crisis and in many cases were sold at fire sale prices to private equity investors from abroad.

from Moneycontrol Business News https://ift.tt/2Djd9S9

No comments:

Post a Comment

Vikas Khemani on key triggers that will shape the market’s next big move

Most people kind of turned bearish on global concerns, oil prices. So, people tend to kind of extrapolate more bad news. So that has happene...