Govt is committed for further reforms in sectors such as banking, mining, insurance among others said FM Sitharaman.
Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.
The immediate benefit is increased cash flows to corporate India.
The banking system saw gross NPAs reaching a peak of 11.5 per cent in March 2018. In March 2019 NPAs stood at 9.3 per cent.
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