Bank Privatization News: In the last few times, the central government has made major changes in many public sector banks. Within the last three years, the Modi government at the Center has reduced the number of public sector banks from 27 to 12.
Now the privatization of many banks is being discussed once again. On this matter, the government has said that even today the banking sector has been recognized as a strategic sector. For some time, there has been continuous news about the privatization of banks, on which now the statement of NITI Aayog has come. On this matter, the commission has issued a list in which it has been told that which banks can be privatized by the government in the coming days. Along with this, it has also been told that privatization of which banks is not being considered at present.
Government will not privatize these banks
Let us tell you that NITI Aayog has released a list of some such banks which the government is not going to privatize. These banks are State Bank of India, Punjab National Bank, Union Bank, Canara Bank, Bank of Baroda and Indian Bank.
Know which banks will be privatized
Let us tell you that apart from the list of banks given above, the government is planning to privatize all the banks. It has also been said in the notice of NITI Aayog that all the banks which were part of the consolidation have been kept out of this list. The Finance Minister had announced that the government is planning to privatize many government banks and insurance companies. In the financial year 2022-23, the government aims to collect a total of Rs 1.75 lakh crore through disinvestment.
Government will soon privatize IDBI Bank
The government’s stake in IDBI Bank is 45.48 per cent. At the same time, LIC has 49.24 percent stake. It is believed that the government will sell some stake in IDBI Bank and LIC will sell some stake, along with the management control will also be handed over to the buyer. The government may soon sell a major stake in the bank. According to media reports, the Department of Investment and Public Asset Management (DIPAM) may soon invite bids to sell the government’s stake in IDBI Bank.
