Home / Economy / Interviews / Privatisation policy will now be a road map for PSB mergers: Debasish Panda

Privatisation policy will now be a road map for PSB mergers: Debasish Panda

The soon-to-be-unveiled privatisation policy for public sector enterprises will lay the road map for mergers and amalgamation among state-owned banks, says Debasish Panda

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Debasish Panda, Financial Services secretary. Illustration: Ajay Mohanty

6 min read Last Updated : Dec 18 2020 | 6:06 AM IST

The soon-to-be-unveiled privatisation policy for public sector enterprises will lay the road map for mergers and amalgamation among state-owned banks, Financial Services Secretary Debasish Panda tells Nikunj Ohri in an interview. The government has received many suggestions on privatising banks or lowering government shareholding in public sector banks (PSBs), he said. Edited excerpts:

Will the government focus on having fewer but stronger banks? There have been suggestions on bringing down the government’s stake in PSBs to below 51 per cent…

We have received various suggestions, and a decision will be taken at an appropriate time. A larger policy for privatisation

Topics : Dipam privatisation PSBs

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