Interacting with the students after delivering VKRV Rao Memorial Lecture at the Delhi School of Economics here, the governor said the RBI can not put a number of big banks India should have in the global list.Expressing optimism, Malhotra said, "...there are many banks in the public sector space and in private sector...the pace at which they are growing, I think it is only a matter of time that we will have a number of banks, quite a few banks, in the top hundred banks of the world".Currently, only ' cumu ...

Group 1 - The Indian government is focusing on the need for large, world-class banks and is in discussions with the Reserve Bank of India (RBI) and lenders to enhance the banking sector [1][2] - The Finance Minister expressed confidence that a reduction in GST rates would stimulate demand and initiate a positive investment cycle [1] - The government has been actively pursuing the privatization of IDBI Bank, having sold a 51% stake to Life Insurance Corporation of India (LIC) in January 2019, and is now looking to sell a total of 60.72% stake [3][4] Group 2 - The Securities and Exchange Board of India (SEBI) has approved the reclassification of LIC as a public shareholder, facilitating the strategic divestment of IDBI Bank [5] - The government has undertaken significant consolidation in the public sector banking space, reducing the number of public sector banks from 27 in 2017 to 12 by August 2019 through major mergers [6][7] - Infrastructure development remains a key focus for the government, with capital expenditure increasing fivefold over the past decade [8]

She said the Addressing the student at the Diamond Jubilee Valedictory Lecture at Delhi School of Economics (DSE), University of Delhi here, she said that nationalisation did help in pushing priority sector lending and government programmes but government control made Despite 50 years of nationalisation, the objectives that were not entirely achieved, she said, adding, "after... we professionalised the banks, those objectives are still being beautifully achieved. "So, this perception that when you try to ...