It may be noted here that there is a basic difference between the private sector banks and public sector banks as far as the Reserve Bank’s role in governance matters relevant to banking is concerned. The current regulatory framework ensures, by and large, uniform treatment of private and public sector banks by the Reserve Bank in so far as prudential aspects are concerned.
There are suggestions that may be potentially useful but I have not seen precise proposals that specify the framework and mechanisms for achieving enhanced cooperation in practice. As a central banker I feel that it would not be appropriate to comment on means of enhancing political integration in the euro area.