ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Can Indradhanush Help Revive Public Sector Banks?

Indradhanush, the government's new plan for public sector bank reform in India, may not be the "big bang" reforms that many have been clamouring for. But the government has decided to recapitalise PSBs--a sensible change of mind. India's recapitalisation cost since the mid-1990s must be amongst the lowest worldwide, and it has helped prevent a banking crisis. Other proposed reforms in Indradhanush follow the framework put forth by the P J Nayak Committee, but fall far short of the paradigm shift policies proposed therein.



Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

649for India

$20for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top