Finance Minister Nirmala Sitharaman had announced in the Union Budget 2021 that two public sector banks would be privatised as part of the government's divestment target.
The government may introduce two key financial sector bills, including the proposed law for facilitating privatisation of public sector banks as announced by the finance minister in the Budget. The government is also likely to table amendments to the Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013, to enable separation of the National Pension System Trust