Photo: Moneycontrol

Govt To Privatise 4 Mid Sized Banks - BOM, BOI, IOB & CBI

According to reports, the Union government is planning to privatise four mid-size state run banks to shore up revenues in the treasury. The shortlisted banks include Bank of Maharashtra, Bank of India, Indian Overseas Bank and Central Bank of India. In addition, the Centre aims to sell two of the selected banks in FY2021-22. However, the experts fear the divestment of tier-II banks might force thousands to lose their jobs.

Mon, 15 Feb 2021 - 07:03 PM / by Ronit John

Tags: Bank of Maharashtra, privatisation of banks, Bank of India, Indian overseas bank

Courtesy: The Economic Times