We are under discussion with government on privatisation of PSBs, says RBI Governor Shaktikanta Das

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Reserve Bank of India Governor Shaktikanta Das has said that the centre and RBI are engaging with each other on privatisation of public sector banks (PSBs). During an interview, he further said that maintaining banking sector health with strong capital base and ethics-driven governance remains a policy priority.

Das said, “We are under discussion with government on privatisation of PSBs, process will go forward.”

The former economic secretary said an effective regulation is a priority for the Reserve Bank, and regulation should not constrain innovation in the fintech space.

Underlining the huge role that technology and innovation played in serving the consumers better and faster, Das said, the RBI processed 274 crore digital transactions to provide direct benefit transfer to people, most of which happened during the pandemic.