Bank Of Baroda, Bank Of India, Central Bank To Offload

Some public sector banks want to offload illiquid government securities for tax incentives.

These incentives are available to banks if the gains are used for cleaning their balance-sheets. The banks include Bank of Baroda, Bank of India and Central Bank of India.

However, weaker banks are unlikely to sell their securities as the gilts are high-yielding and parting with them will affect their profitability.