23 October,2019 09:13 AM IST | New Delhi | Agencies
New Delhi: Nobel laureate Abhijit Banerjee on Tuesday flagged concerns about banking crisis in India and called for aggressive changes to deal with the situation.
There is a need to bring in important and aggressive changes to deal with the crisis, he told reporters.
Banerjee said there is need to bring down stake of the government to below 50 per cent in banks so that the decisions are taken without fear of Central Vigilance Commission (CVC).
The banking system has been afflicted by the scourge of high non-performing asset for nearly five years now, which has led to networth erosion and discovery of scams in the sector, with the Punjab and Maharashtra Cooperative Bank (PMC) being the new addition.
ALSO READ
39 Mahayuti leaders take oath as Maharashtra ministers in Nagpur: WATCH HERE
PM Modi's speech in Parliament was historic, says Rajasthan minister
PM Modi set to chair fourth National Conference of Chief Secretaries
"Never does what he says": Sanjay Raut attacks PM Modi on corruption stance
Saif asked PM Modi, how many hours he sleeps at night, and here’s what he said
Abhijit Banerjee met Narendra Modi here on Tuesday and said the prime minister joked about the media trying to bring out "anti-Modi" remarks from him. "I had a good meeting. He cracked a joke on how media is trying to trap me to say anti-Modi things. He's been watching you guys. And he knows what you are trying to do," he told reporters when asked about the meeting taking place against the backdrop of a debate over his comments on an economic slump.
Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates
