De-list public sector banks4 min read 13 Nov 2013, 12:40 PM IST
Unless the government promptly takes up governance reforms that are critical for listed firms, it is better to delist them
The Prime Minister’s economic advisory council reportedly wants the government to cut its stake in state-owned banks from about 58% to the bare minimum of 51%. Apart from the fact that this in practical terms is thoroughly unrealistic, let me make an even more outrageous (and equally unrealistic) suggestion that will nevertheless do good to all concerned: de-list these banks.
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