According to Governor Shaktikanta Das, the Reserve Bank of India is impartial toward ownership in its capacity as the banking industry’s regulator.

The central bank’s most recent monthly bulletin included an article written by its researchers that claimed a gradual privatisation process could aid in achieving the larger social goal of financial inclusion. The paper also sought to highlight the important role that state-run lenders play in providing formal banking to the underbanked.

Due to a commotion and rumours in the market, the RBI clarified that it is not opposed to the privatisation of banks. The central bank clarified that “the researchers are of the view that instead of a big-bang approach, a gradual approach as stated by the government will result in better outcomes.”