Bank Privatization: Big news is coming out that the government is thinking of privatization of banks. It has been decided by the government to privatize many banks as well as companies.
This decision is now gaining momentum. Tell that, even before this, the Central Government has privatized many banks from the government. Government employees are strongly opposing this decision of the government.
According to the information, two prominent economists have given their opinion that the government should privatize all other government banks except State Bank of India. While giving its verdict on this, NITI Aayog has said that 6 public sector banks of the country will not be handed over to private hands.
Giving information, government officials have said that all those banks which have been part of the government bank consolidation should not be privatised, a list has been issued by NITI Aayog.
It has been told that Union Bank, SBI, Bank of Baroda, Canara Bank and Indian Bank, these banks will not be privatized by the government. The government has also said that 6 banks will be kept government only.
Remind you that the Finance Minister had announced in last year’s budget that IDBI Bank will be privatized soon. The government wants to sell its stake in this bank. The process of this process is still going on.
This decision of the government is being continuously opposed. Despite this, the government is firm on its stand. Along with this, the Finance Minister had also said that an insurance company would also be sold.
As you know, the merger decision of 4 out of 10 banks was taken by the government in August 2019. Since then the number of public sector banks in the country has come down from 27 to 12.
The government has not yet taken any decision regarding the privatization of these banks, the Finance Minister has made it clear that all these banks will be kept out of privatization.
