These would include: i.  Divestment of Government’s shares in PSBs. Given the present level of government shareholding in these banks which ranges from 58 per cent to 89 per cent, there is substantial ground for raising equity from the market without diluting the public sector character;  ii. The roles and responsibilities of the Boards of PSBs could be reviewed.
In reducing the outstanding balance of current accounts, the Bank will need to monitor financial market conditions carefully, because the outstanding balance of current accounts at the Bank has been exceeding substantially the amount of required reserves for a long period of time.