Today, the privatization of these two banks can be stamped.
Bank Privatisation: Wednesday (14 April) is going to be very special for the banking sector. For the first process of bank privatization, the government can decide on at least two public sector banks (PSBs).
These banks are included in the list of privatization
According to the Business Standard report, the Niti Aayog has suggested the names of 4-5 banks and it is believed that the names of any two will be decided in this meeting. In the list of privatization, the names of Bank of Maharashtra, Indian Overseas Bank, Bank of India, Central Bank are mentioned. In the first phase of privatization, the government can put a big name on the names of Bank of Maharashtra and Indian Overseas Bank. On Tuesday, there is a bump in the stock of these banks. According to information given on BSE, Bank of Maharashtra shares rose 15.6 percent on BSE on Tuesday after converting more than one lakh shares under multiple deals.
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According to the NITI Aayog, apart from the State Bank of India, the banks which have been consolidated in the recent past will not be privatized. At present, there are 12 government banks in the country. Apart from SBI, Punjab National Bank, Union Bank, Canara Bank, Indian Bank and Bank of Baroda are not in the list of privatization based on the report.
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Privatization was announced in the budget
Explain that in the government, the government had announced the privatization of banks in the budget. In the next financial year, there is a preparation for the privatization of two banks. In the list of privatization, the name of Bank of Maharashtra, Indian Overseas Bank, Bank of India, Central Bank is discussed. So far, no bank has been finalized for privatization. Finance Minister Nirmala Sitharaman, while presenting the budget of 2021-22 on February 1, proposed the privatization of two public sector banks and a general insurance company.