Which two banks will be privatized in 2021?
The government will sell stake in at least two public sector banks as part of its privatisation plan.
Union Finance Minister Nirmala Sitharaman said during her budget speech on Feb. 1, 2021. She, however, did not specify which banks the government was looking to sell stake.
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The government on Monday announced that two public sector banks and one general insurance company will be privatised and LIC will be listed on the bourses in the financial year 2021-22 as part of the consolidation in the banking and insurance sectors. It has also announced Rs 20,000 crore recapitalisation of PSU banks.
Punjab and sindh bank private