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Do you have an account in THESE 4 state-run banks shortlisted for privatisation? Is your money safe?

Highlights Govt considering mid-sized to small banks. First round of privatisation to test waters. New Delhi: Government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, news agency Reuters quoting government sources said. The four banks on the shortlist are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India, two officials told Reuters on condition of anonymity as the matter is not yet public. Two of those banks will be selected for sale in the 2021/2022 financial year which begins in April, Reuters reported.

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