Bank Privatization Update: Once again the wind of bank privatization has started blowing. According to the list released by NITI Aayog, all government banks except SBI Bank will be privatized, but at some places the employees are opposing this decision of the government.
New Delhi: Many banks have been privatized (bank privatization in India) by the Central Government.
Now once again big news is coming out on bank privatization. The government has decided to privatize many banks and companies,
On which work is going on rapidly. At present government employees are opposing it. Meanwhile, two leading economists of the country say that the government should hand over all the government banks except State Bank of India to private hands.
Apart from this, NITI Aayog has said that 6 government banks of the country will not be privatized.
Niti Aayog had released the list
In the list released by NITI Aayog, it has been said that the government will not privatize Punjab National Bank, Union Bank, Canara Bank, SBI, Bank of Baroda and Indian Bank.
The government has said that these 6 banks will not be privatized. According to the information received from the government official, all those who were part of the government bank consolidation have been kept out of privatization.
The merger of banks took place in August 2019
Let us tell you that in August 2019, 4 out of 10 banks were merged by the government, after which the number of government banks in the country has reduced from 27 to 12.
At present there is no planning regarding privatization of these banks. The Finance Ministry has given its opinion that all these banks should be kept out of privatization.
Finance Minister had announced
The Finance Minister had announced in last year’s budget that IDBI Bank would be privatized. The government has made a plan to sell its stake in this bank. The process regarding this has also progressed further.
Despite the continuous protests, the government has already made its stand clear regarding privatization. Along with this, the Finance Minister had also said that an insurance company will be sold.
