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91 Board positions lying vacant in 11 PSU banks: AIBEA
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52% board positions in 11 PSU banks vacant: AIBEA
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Govt sanctioned prosecution in 366 cases related to CSR norms violations: Nirmala Sitharaman
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Cabinet clears amendments to GIBNA for insurance PSU privatisation; may table Bill this session
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Paving the way for privatisation of public sector banks
With just eight months left in the current fiscal, it’s a race against the clock for the government to privatise two public sector banks.
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For representational purpose. (Photo | PTI)
With just eight months left in the current fiscal, it’s a race against the clock for the government to privatise two public sector banks. In February, Finance Minister Nirmala Sitharaman pledged to privatise two PSBs (besides IDBI Bank) and one public sector insurer within this fiscal. She even assured faster introduction of legislative amendments to banking laws that mandate minimum government ownership of 51% in PSBs.