In succession to an RBI research paper ‘Privatisation of Public Banks’ denouncing big-bang privatisation of state equities, the Reserve Bank of India clarified that it does not oppose the idea of the same. The bank stated that the contents of the paper, which talked about a gradual shift from state owners to private lending rather than an immediate one, was just the opinions of the bank researchers, not the whole body. Researchers believe a gradual shift may ensure the best of both sides, being profit maximization and better objectives of financial inclusion.
