This (privatisation) involves a large political consensus. Also, that involves an amendment to the law (Banking Regulation Act). My impression is that Indian political opinion may not find favour with this idea itself. It's a very challenging decision,' Finance Ministry Arun Jaitley said during a Q&A session at The Economic Times Global Business Summit (GBS) 2018. Listen-in.

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Watch FM Jaitley rules out privatisation of public sector banks | ET GBS 2018 With HD Quality.