Bank Privatization: Work is going on fast in the country regarding privatization. Now in this sequence two public sector banks are going to be privatized (bank privatization 2022). The government has also completed preparations for this. Let’s know the details.
Bank privatization: The government is moving ahead rapidly regarding privatization in the country. Now the government is soon going to privatize two public sector banks. Bids have also started coming for many companies.
If sources are to be believed, privatization may start by September this year. On the other hand, government employees are also continuously on strike in protest against this.
The government is set to remove the 20% cap on foreign ownership in PSU banks (PSBs) by amending the Banking Regulation Act. It is being told that the government has also shortlisted two government banks for this.
Government’s preparation almost complete
According to media reports, two government officials, on the condition of anonymity, informed that preparations for these major changes are almost complete, but cabinet approval may take some time. It is likely to be amended by the monsoon session. Sources have informed that the government aims to ensure privatization of at least one bank by September.
