New Delhi: Nobel laureate Abhijit Banerjee on Tuesday flagged concerns about banking crisis in India and called for aggressive changes to deal with the situation.

There is a need to bring in important and aggressive changes to deal with the crisis, he told reporters.
Banerjee said there is need to bring down stake of the government to below 50 per cent in banks so that the decisions are taken without fear of Central Vigilance Commission (CVC).