IMF wants more aggressive disinvestment & privatization of PSBs

IMF -World Economic Outlook Report 2018 has mentioned that a recent large fraud at a Public Sector Bank highlights financial sector weaknesses and underscores the need for the Indian government to take further steps to improve the PSBs’ governance and operations, including by considering more aggressive disinvestment. More aggressive PSB disinvestment and privatization would address some of the structural issues in governance, such as incentives and efficiency of PSBs.