Indian state-owned bank to get privatized

Photo: Business Standard

India Looking to Privatize Most State-Owned Banks

According to the Government and banking sources, India is looking at reducing government-owned banks to just five as part of an overhaul of the banking industry, by privatizing more than half of state-owned banks. This will be executed by selling the majority of stakes of Bank of India, Central Bank of India, Punjab & Sind Bank, Indian Overseas Bank, Bank of Maharashtra and UCO Bank. 

Mon, 20 Jul 2020 - 05:52 PM / by Bhavyata Kagrana

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