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RBI Governor on privatization of public sector banks- ‘Talking to the center, process will move forward’

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RBI Governor Shaktikanta Das commented on the privatization of public sector banks. (File photo)

New Delhi:

Central Bank Reserve Bank of India Governor Shaktikanta Das on Thursday inaugurated the India Economic Conclave (IEC) 2021 in Delhi Privatization of public sector banks Commented on He said that RBI is talking to the central government on this subject. He also said that this process will be taken forward. Governor Das also said that in banking policy, priority will be given that the sector should remain strong, the capital base should be strong and there should be moral governance.

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In this program, he said that ‘we are discussing with the government about the privatization of public sector banks, the process will be taken forward’. He said that ‘financial health of the bank sector with a strong capital base, maintaining the operating system with ethical norms is our priority’.

Let us know that there is a big opposition in the banking sector on the decision of privatization of the government. A large number of banking employees have gone on strike this month.

On the trend of increasing cryptocurrency in the country, he said that ‘we have made the government aware of our concerns about cryptocurrency, it is being considered, the government will take a decision on it’. He said that ‘I do not think there is any difference between the opinion of the RBI and the government on cryptocurrency’.

Also read: Not all banks will be privatized, employees’ interests will be protected: Finance Minister Nirmala Sitharaman

When the corona cases are increasing once again in the country, in this situation, how will it affect the economy this time, the RBI governor said that ‘there is a matter of concern in the growing case of Kovid-19 infection in the country, but dealing with it For this time we have additional solutions. RBI is committed to use all its policy measures for revival in the economy while maintaining price and financial stability.

He said that the revival of economic activity should continue uninterrupted, there seems no need to reduce RBI’s 10.5 per cent growth estimates for FY 2021-22. The RBI is assessing financial stability concerns, as it is important for the central bank’s digital currency going forward.

(Input from language)

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