Govt should consider 'golden share' in PSU banks: SBI

NEW DELHI: The government should consider having a 'golden share' to retain control over the public sector banks while allowing them to raise capital through a restructuring plan, State Bank of India Chairman O P Bhatt has said.
The public sector banks could lose out totally to foreign or private banks in meeting the fast increasing capital needs of the corporate world, particularly for the mergers and acquisition, unless the nationalised banks are equipped to augment their capital, Bhatt told reporters in interview making a strong case for greater financial empowerment for the nationalised banks to compete effectively.

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