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2 Public sector banks will be privatised this fiscal, Niti Aayog submits names to govt panel | Bank Privatisation: इस साल दो सरकारी बैंकों का होगा निजीकरण, नीति आयोग ने सौंप दी अपनी फाइनल लिस्ट

Bank Privatisation: इस साल जिन सरकारी बैंकों का निजीकरण किया जाना है, उनकी लिस्ट तैयार हो चुकी है. सरकार के थिंक टैंक नीति आयोग (Niti Aayog) ने उन सरकारी बैंकों के नामों की फाइनल लिस्ट विनिवेश संबंधी सचिवों की कोर समिति (Core Group of Secretaries on Disinvestment) को सौंप दी है.

Making bank privatisation exemplary

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Interests of workers of banks likely to be privatised will be protected: Finance minister

Further, stressing on the operations of banks Sitharaman said that there are quite a few banks in the economy but we need banks which will be able to scale up. Recollecting the move where the government had merged 10 PSU banks into 4 major entities last year, she said: We need more banks of the size of the State Bank of India (SBI) to meet the aspirational needs of the country. She emphasised that even those banks which are likely to be privatised, the institutions too will continue to function after privatisation. The minister also took a jibe at senior Congress leader Rahul Gandhi s tweet earlier in the day where he had accused the government of privatising profit and nationalising loss .

Govt to amend two Acts to enable privatisation of PSU banks

To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Unde

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