Budget 2020: Govt loses 23 paise on each Rupee of taxpayer money used in PSBs
Compared to this, every rupee of investor money invested in "New Private Banks" (NPBs) - banks licensed after India`s 1991 liberalisation - on average, gained 9.6 paise. This means PSBs are far more inefficient compared to private banks and hence they need to catch up fast.
Each rupee of taxpayers` money invested by the government in NPA-heavy public sector banks as equity are resulting in a loss of 23 paise, Photo: Reuters