Finance Minister Arun Jaitley on Wednesday said there was no move to privatise any state-run banks.
He added that target date of April 1 in 2017 to implement a pan-India goods and services tax regime will be met.
"I don't think that public or political opinion has converged to the point where we can think of privatisation of our banking sector," Jaitley told the gathering at the Economist India Summit in the national capital.
The minister said the GST was key reform in indirect taxation that had been waiting for long. It would go a long way in steadying the country’s innumerable levies and brings them down in the long run.
"There is a national aspiration in support of GST reform. We have set stiff target to implement it. We are running against time to implement GST."