Expressing concern on the skewed rate structure, he said it needed to be rationalised.
The railways are in the process of forming a Rail Tariff Authority but Bansal said the fare rise would be independent of the formation.
"While taking care of the physical health of the railways, the financial health should also be taken care of.
"Though we are increasing revenue and our efficiency, finances are a matter of concern," he said.
The ratio of rates in India is 0.32, whereas in China it is around 1.32, the minister added.
This means the railways earn 32 paisa from a passenger vis-a-vis Rs 1
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