Indian FM ready to cut government stake, thus cut control, on state owned Banks- could be disastrous for the poor.

Govt may consider cutting stake in state-run banks - Arun Jaitley

Mon Sep 28, 2015 2:03pm IST

REUTERS - The government may consider reducing its stake in state-run lenders to 52 percent, Finance Minister Arun Jaitley said on Monday.

The government would also consider other issues including problems tied to distressed state power providers, Jaitley said while speaking at a banking conference.