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.
Tags: Bank of Maharashtra, privatisation of banks, Bank of India, Indian overseas bank
Courtesy: The Economic Times