Which 2 PSBs will be privatized?

NITI Aayog submits names of 2 PSU banks to be privatised to Core Group of Secretaries. This would have left three PSBs – Indian Overseas Bank, Central Bank and UCO Bank out of the government’s disinvestment plan.

Which banks are going to be privatised in 2021?

As per reports, the Central Bank of India and the Indian Overseas Bank are the probable candidates for privatisation.

Which 4 banks are going to be privatised?

Only six banks are eligible for privatisation:

• UCO.
• IOB.
• Central Bank.
• Bank of Maharastra.
• Punjab and Sind Bank.
• Bank of India.

Which bank will not be privatised?

Also, State Bank of India is not being privatised. This leaves the room open for only six banks – UCO, IOB, Central Bank, Bank of Maharastra, Punjab and Sind Bank, and Bank of India for privatisation. The selection was from among this list. The government has infused Rs 5,500 capital in the Punjab and Sind Bank.

Will BHEL be Privatised?

The central government is mulling selling stakes in state-owned Bharat Heavy Electricals Ltd (BHEL) as part of disinvestment plan proposed in the Union Budget 2021. She had also announced plans to privatise two public sector banks and one general insurance company in 2021-22.

Can Lic be Privatised?

“In a bid to privatise the LIC, the Centre has incorporated the amendments required to be made to the Life Insurance Corporation Act, 1956, in the Finance Bill. The valuation of LIC by an American firm is under way. The IPO is most likely to hit the capital markets in the last quarter of FY 2021-22.

Is BOI going to be privatised?

Punjab & Sind Bank and UCO Bank, the other two lenders that were not merged as a part of the PSB consolidation, are not being considered for privatisation yet, officials said. Bank of Maharashtra, Bank of India, and Indian Overseas Bank are the frontrunners for being privatised, they said.

Which banks will be privatized?

Central Bank of India and Indian Overseas Bank are reported to be probable candidates for privatisation. The government has budgeted ₹1.75 lakh crore from stake sale in public sector companies and financial institutions, including two PSU banks and one insurance company, during the current financial year.

Is LIC going to be Privatised?

The Cabinet has cleared an initial public offering of Life Insurance Corporation (LIC). The modalities of the same will be decided by a panel headed by finance minister Nirmala Sitharaman.

Which bank is top in India?

Top 10 Banks in India

• HDFC Bank.
• State Bank of India.
• ICICI Bank.
• Axis Bank.
• Kotak Mahindra Bank.
• IndusInd Bank.
• Yes Bank.
• Punjab National Bank.

Is BOI going to be Privatised?