Good to let govt banks be free and owned by public: Nilekani
Infosys Chairman Nandan Nilekani has said it's a good idea to let state-owned banks "be free and owned by public". Nilekani said that state-owned banks were losing market share at an estimated rate of 4% a year. He added that these banks should be privatised now when they dominate the market share, before their value is eroded by "creeping privatisation".