Reading between the lines
"The move to privatise banks also comes ahead of an anticipated surge in bad loan growth at the lenders, which could force the government to inject fresh funds to bail out state-run lenders."
India may begin bank privatisation push by selling stake in four lenders this fiscal
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
"The move to privatise banks also comes ahead of an anticipated surge in bad loan growth at the lenders, which could force the government to inject fresh funds to bail out state-run lenders."
India may begin bank privatisation push by selling stake in four lenders this fiscal
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
So PMO only handling finance ministry portfolio...FM is dummy it seems..