M&A

M&A

Niti Aayog submits to govt panel the names of 2 PSU banks to be privatised

PTI  

Government think tank Niti Aayog has submitted to the Core Group of Secretaries on Disinvestment the finalised names of PSU banks to be privatised in the current fiscal as part of the disinvestment process. It had been entrusted with the task of selecting the names of two public sector banks and one general insurance company for the privatisation, as announced in Budget 2021-22. Following the clearance from the Core Group of Secretaries, the finalised names will go to the Alternative Mechanism for its approval and eventually to the Cabinet headed by the Prime Minister for the final nod.