Garg questions why the reserve price was lowered and contends that the divestment has turned into an uncompetitive one-horse race. In response, political analyst Rajat Sethi defends the government's disinvestment process, stating that taxpayer and LIC funds were used to resurrect the ailing bank.
Sethi argues that market forces and independent institutions determined the valuation, asserting that criticism without hard evidence or alternate bids is unwarranted.