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Privatisation of Banks

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    15th Feb, 2021
  • Context

    The Union Budget 2021-22 has announced the privatisation of two public sector banks (in addition to IDBI Bank) and one general insurance company in the upcoming fiscal.

    It also announced a strategic sale/disinvestment policy for four strategic sectors — including banking, insurance, and financial services — in which it will have a “bare minimum presence”.

    Strategic Disinvestment:

    Strategic disinvestment would imply the sale of a substantial portion of the Government shareholding of a central public sector enterprise (CPSE) of upto 50%, or such higher percentage as the competent authority may determine, along with transfer of management control.

  • Background

  • Analysis

  • Will privatization help?

  • Conclusion

Verifying, please be patient.

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