.........At some point in the future, when policy allows, the SBI should even consider selling its subsidiaries. Even now, it could consider retaining 51 percent and letting a private promoter buy a 10 percent stake and run the show. This way, it would get a bigger value for its stake dilution. Public ownership with privatised management is an idea whose time may have come.
The only argument one can see against SBI selling its subsidiaries is this: it may not want its own former subsidiaries to compete with it. But the point is this: competition is anyway going to grow. So this is not necessarily a great argument. This is the time for all three – the RBI, the government and SBI – to try out new ideas. The old idea of growing big is passé. Big may merely mean fat in future. The thing is to get smarter..........
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