Banking News: Government is preparing to sell these 2 government banks! Don’t you have an account too? – न्यूज़लीड India

Banking News: Government is preparing to sell these 2 government banks! Don’t you have an account too?


Preparation of the Banking Law Amendment Bill Bill

According to media reports, the government is preparing to introduce the Banking Laws Amendment Bill in the monsoon session of Parliament that begins next month. After the introduction of this bill, the work of privatization of banks will increase rapidly. By bringing this bill in focus, the government can clear the way for privatization of banks.

  Privatization of these two public sector banks

Privatization of these two public sector banks

During the budget announcement, Finance Minister Nirmala Sitharaman had talked about privatization of two public sector banks. Privatization of two banks as well as an insurance company was announced. According to media reports, Indian Overseas Bank and Central Bank of India can be privatized in the two banks that can be privatized, although let us tell here that no official information has been given about this.

  Government will save its share

Government will save its share

The government is trying to reduce the increasing NPAs on banks by getting investment through privatization of banks. The government can reduce its 51 per cent stake in these banks to 26 per cent. Will get investment by selling this stake. The government can move in this direction by getting the Banking Law Amendment Bill passed in the Parliament. The preparations of the government are almost complete and it will try its best to get this bill passed in this monsoon session. However, bank employees unions are continuously protesting against the privatization of banks.

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