ABSTRACT
Banking privatization both theoretically and practically has been virtually ignored in recent years, despite the strong interest of economists and political scientists, not to speak of politicians, in privatization. Nevertheless, Professor V.V. Ramanadham’s many decades as a scholar and practitioner have impacted in this area as well. Indeed, Rama’s early work on nationalized industries1 and his more recent studies on privatization2 set the parameters for this study on the theory of banking privatization as well as so many others.3
