New Delhi: In the past, Nobel Prize winner in economics Abhijeet Banerjee had given some suggestions to the government in view of the Bank's misery. In this suggestion, he said that the government should reduce its stake in banks to less than 50 percent. Now the Congress supporting economist Abhijeet Banerjee does not seem to agree with them separately on this issue. Former Union Minister and senior Congress leader Jairam Ramesh disagreed with Banerjee's suggestion.

Nobel laureate Abhijeet Banerjee advises govt ''Reduce Centre's stake below 51%"

For information, let us know that yesterday i.e. on Tuesday, Abhijeet Banerjee met Prime Minister Narendra Modi. He tweeted that I am surprised by Abhijeet Banerjee's intellectual prowess, I strongly disagree with him that the government should privatize public sector banks. After meeting PM Modi, Banerjee had said that the government should privatize public sector banks to deal with the banking crisis in the country. He described the banking crisis in the country as horrific.

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Also, to deal with this situation, there was the talk of reducing government stake in public sector banks. Abhijeet Banerjee had said that the government should reduce its stake in public sector banks to less than 50 percent so that the banks are out of the purview of the Central Vigilance Commission. Explain that the banking sector in the country is going through a challenging time. Large amounts of NPAs have broken the back of banks.

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