Corp exclusion from banking shrinks buyer pool for PSBs

The Reserve Bank of India’s decision to keep corporates away from bank licenses will help the government sidestep allegations that it is selling banks to big business. However, the number of prospective buyers for public sector banks will shrink. In the absence of any deep-pocketed corporate house, the bidders for PSU banks would have to be either private or multinational banks, or private equity investors who would be in a position to come up with a couple of billion dollars to buy a bank.

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