Bank Privatization Latest News: Many banks have been privatized by the Central Government (Bank privatization in India). Now once again big news is coming out on the privatization of banks.
The government has decided to privatize many banks and companies, on which work is going on fast. Presently government employees are opposing it.
All banks can go private except SBI
At the same time, two big economists of the country say that the government should hand over all government banks except State Bank of India to private hands. Apart from this, NITI Aayog has said that 6 government banks of the country will not be privatised.
NITI Aayog released the list
In the list released by NITI Aayog, it has been told that the government will not privatize Punjab National Bank, Union Bank, Canara Bank, SBI, Bank of Baroda and Indian Bank. The government has told that these 6 banks will not be privatised. According to the information received from the government official, all the people involved in government bank consolidation have been kept out of privatization.
The merger of the banks took place in August 2019.
Let us tell you that in August 2019, the government had merged 4 out of 10 banks, after which the number of public sector banks in the country has come down from 27 to 12. At present there is no plan regarding privatization of the government. these banks. Giving opinion, the Finance Ministry has said that all these banks should be kept out of privatization.
The Finance Minister had announced that the Finance Minister had announced in last year’s budget that IDBI Bank would be privatised. The government plans to sell its stake in this bank. The process has moved forward regarding this. Despite the continuous protest, the government has already cleared its stand regarding privatization. Along with this, the Finance Minister also said that it will be sold to an insurance company.
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