Fitch believes that political support in favour of legislative changes to the Act, which are required in order to go through with the sale, could be a significant hurdle for the government.
The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation
Fitch Solutions Country Risk and Industry Research noted that some of the operational risks present in the country would still remain a challenge for many investors despite the incentive