ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Why, How, When?

Bank Privatisation

There is a buzz in the air about privatisation of some of the public sector banks (PSBs). There has been talk of privatising Industrial Development Bank of India (IDBI Bank) in financial year (FY) 2020–21. Of the disinvestment target for the year of Rs 2.1 trillion, Rs 90 billion was to have come from stake sale in Life Insurance Corporation of India (LIC) and the privatisation of IDBI Bank.

The media has also reported proposals to privatise PSBs that were not part of the mega-mergers announced earlier this year, namely Punjab and Sind Bank, Bank of Maharashtra, UCO Bank, Bank of India, Indian Overseas Bank and Central Bank of India.

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Updated On : 14th Dec, 2020
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