Government to enact with RBI to execute bank privatization plan announced in the union budget 2021
Finance minister Nirmala Sitaraman announced that under the RBI govt to execute bank privatization.
Sitharaman in the union budget presented last week has declared the privatization of two banks as a feature of its privation plan but Bank associations have restricted the move. However, she declined to comment on any specific details about which candidate will be selected for privatization and said that we will inform you when the government is ready to notify.
“Talking to reporters in financial capital, Sitharaman also declared that the government has no plans to form a bank investment company for the government's investment in the bank and the government will work with the Reserve Bank for the execution of the bank privatization plan announced in the budget”
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