 "In her Budget speech, Finance Minister Nirmala Sitharaman had announced privatising two public sector banks and one general insurance company in 2021-22")
Shares of public sector banks (PSBs) were on a roll in Friday's session after a Buisness Standard report said senior officials of the Niti Aayog, the Reserve Bank of India (RBI), and the finance ministry’s financial services and economic affairs departments are set to meet on April 14 (Wednesday) to discuss the potential candidates for privatisation.
"Four to five PSBs have been suggested by the Niti Aayog and they will be discussed in the meeting... The names could include Bank of Maharashtra and Indian Overseas Bank. Apart from banks, state-owned general insurance companies may also be taken up for discussion," the
