Viral Acharya former Deputy Governor of RBI has published his book titled, 'Quest for Restoring Financial Stability in India'. One of the key points made in a very passionately written introduction is the extent to which so many aspects of India's financial sector is dominated by the fisc.
Latha Venkatesh spoke to Dr Acharya to talk to about the book and the state of the Indian banking system.
Acharya said this is a golden opportunity to divest stake in public sector banks below the majority. He also added that India needs to adopt financial stability policies from countries like the US.