Centre says no decision taken so far regarding privatization of two PSBs in financial year 2021-22

The Centre on Monday said no decision has been taken so far by the Cabinet committee regarding privatization of two Public Sector Banks (PSBs) in the financial year 2021-22.

In a written reply to a question, Minister of Finance Nirmala Sitharaman informed the Lok Sabha that the government has announced its intent to take up privatization of two PSBs in the Union Budget for the current fiscal year. She said the Cabinet committee concerned for privatization of PSBs is entrusted to take decisions in this regard.

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