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Government May Keep Large State-Owned Banks Under Its Control—BQ Exclusive
Department of financial services wants to retain large PSU banks. Three insurers have been shortlisted for privatisation.
08 Mar 2021, 11:59 AM IST
The Indian government may potentially look at privatising as many as six state-owned banks, with an eye on selling stake in smaller-sized lenders.During deliberations on the new privatisation policy, unveiled by Finance Minister Nirmala Sitharaman in the Union Budget for 2021-22, the department of financial services in the finance ministry said India would need at least six large state-owned banks. India has a total of 12 state-owned...
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