Dark Light
Privatization ; banks ; Public Sector

All about Privatization of Banks in India

The banking sector in India, which comprises public sector banks (PSBs), private banks, and foreign banks, forms the backbone of the economy and plays a major role in the development of the country. Each type of bank has a part to play in the economy. However, citing banking sector reforms, lately, the central government has been planning privatization of some public sector banks.