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Bank Privatization: The Modi government will present the budget for fiscal year 2023-24 next month i.e. February. Many important announcements may occur during this time. In this, the privatization of banks is also being discussed. Meanwhile, it is claimed in some media reports that almost all but a few banks will be privatized. The list of banks to be privatized is also going viral. However, now NITI Aayog has given a clarification regarding this news and listing. The commission has qualified such reports as unfounded.
What did NITI Aayog say?
NITI Aayog has called the list shared by the media on the privatization of public sector banks as false. NITI Aayog said that no such list has been shared in any form so far. A fabricated message is circulating in the media. Explain that media reports said that some of the largest public sector banks in the country may be privatized, such as Punjab National Bank, Union Bank, State Bank of India (SBI), Canara Bank, Indian Bank and Bank of Baroda. .
Initial public offering occurred 13 days ago, now investors got 331% return, share at ₹129
The budget was announced in 2021
The government clarified on December 19 that it would consider privatizing public sector banks (PSBs) only after consulting with the department and the relevant regulator. In fact, in April 2021, NITI Aayog had started talks to finalize the names of two public sector banks to be privatized after consulting with the Ministry of Finance. The government think tank was in charge of selecting the two names from the public sector. Let us tell you that Finance Minister Nirmala Sitharaman spoke about the privatization of two government banks and an insurance company in her budget speech last year.