Top officials meet to decide on privatisation of Public Sector Banks:

On Wednesday, in a meeting of top officials that centre said , zero on privatisation of two public sector banks. Senior members of some of the departments like NITI Aayog, RBI and the Finance Ministry’s Financial services and economic affairs department were discussed about the candidate which were capable for privatisation.
Last month a list was submitted by NITI Aayog about Public Sector Bank . On Wednesday that the names were included on privatisation those are Bank of Maharashtra &Indian Overseas Bank. And the list was first reviewed by the department of Investment and Public Asset Management and the Core Group of Secretaries on Divestment headed by the Cabinet Secretary.
Nirmala Sitharaman in her budget speech, she had announced privatising two PSBs and one general insurance company in 2021-22.
According to the new PS Enterprise policy, NITIAyog can suggest names of PSUs in strategic sectors to be merged, privatised.

The Aayog is learnt to have prepared a report on Public Sector Banks based on their financials, debt and other issues.

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