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Cabinet Secretary-led panel clears names for bank privatisation; IOB, CBI likely candidates

A panel headed by the Cabinet Secretary has reportedly cleared names of state-run banks for privatisation

June 28, 2021 / 02:49 PM IST
(Image: Reuters)

(Image: Reuters)

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A panel headed by the Cabinet Secretary has cleared names of state-run banks for privatisation, CNBC-TV18 has reported.

Indian Overseas Bank (IOB) and Central Bank of India (CBI) are likely candidates for disinvestment, the news channel reported citing sources.

The Ministry of Finance is also working on legislative amendments for privatisation of the public sector banks (PSBs).

PTI separately reported that the meeting of the high-level panel deliberated on the recommendations of the NITI Aayog on June 24.

The panel will send the names of the shortlisted PSBs to AM for consideration.

The Centre has set an ambitious divestment target of Rs 1.75 lakh crore for FY22

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Tags: #Business
first published: Jun 28, 2021 11:05 am
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