Infosys co-founder Nandan Nilekani bats for PSB privatisation; here is why
Introduction of technology-based solutions also makes it possible to cater to the requirements of the smaller borrowers, who were neglected in the pre-nationalisation era, the technocrat said. "The original rationale has gone away and so let most banks function on market principles owned by the general public," he told reporters, adding privatising them is also in the interest of taxpayers.
Infosys chairman Nandan Nilekani today said the "original rationale" for bank nationalisation has ceased to exist and that privatisation is the way forward the public sector lenders citing the taxpayers' interest. Image source: IANS