The Narendra Modi government and the Bharatiya Janata Party (BJP) forced the Reserve Bank of India (RBI) to go back on its report that cautioned against adopting a “big bang approach” to bank privatisation, the Congress alleged on Saturday and demanded a White Paper on the privatisation of public sector banks.
Addressing a press conference, Congress spokesperson Supriya Shrinate alleged that the BJP had reduced the RBI to the “Reverse Bank of India” by forcing a U-turn and the party itself had become a “ Beche Jao Party [Keep selling party]”.
The RBI on Friday said the views expressed in the research paper, published in its official bulletin, were not of the central bank but that of the authors.
