Page 2 - Banks Privatisation

Why's govt keen on keeping 26% stake in PSBs it wants to privatise

The govt is set to privatise two state-run banks, but may hold on to a 26 per cent stake. What merits does the government see in this stake and will this complicate its efforts to attract investors?

TMS Ep52: Bank privatisation, Covid-19 data, markets and Norovirus

What's the govt's strategy of privatising PSU banks? How will the market perform in December? Are govts transparent with Covid-data? How serious is Norovirus infection? Find all answers here

IOB, Central Bank of India surge up to 20% on privatisation buzz

IOB has surged 20 per cent to Rs 23.80, while CBI gained 15 per cent on the BSE in intra-day trade today.

Govt to soon reach out to potential buyers of debt-laden IDBI Bank

The Centre, through its advisors, will share the strategic sale plan with investors, and how the deal is expected to be structured, an official said

Top headlines: Govt moves on bank privatisation; Lupin to enter diagnostics

Govt will be borrowing Rs 5.03 trillion from the market in the second half, unchanged from what it had planned, but including the GST compensation paid to states. More in top headlines of the day

Won't exit fully, but will ensure minimum govt presence in insurance: FM

Sitharaman says may even think in terms of amalgamating, or disinvesting in some entities where even bare minimum is not needed

Banks privatisation an exciting opportunity for investors: Former RBI DG

What is good for the country will have to be looked at while deciding on the entity, which will be granted a license, N S Vishwanathan said

Indian Overseas Bank becomes the second most-valued public lender

On a closing basis, the bank's market cap was Rs 51,887 crore at the end of trading on Friday, surpassing its peers Punjab National Bank (PNB) and Bank of Baroda (BOB)

Govt seeks to appoint advisors to assist IDBI Bank privatisation

The govt plans to sell its 45.48% shareholding in the lender. LIC, which owns 49.24%, will also offload its stake to transfer management control to new buyer

Privatisation buzz lifts Indian Overseas Bank, Central Bank stocks by 20%

The stock of the Mumbai-based Central Bank was locked in the upper circuit at Rs 24.30 on the back of an over 2x jump in trading volumes. A combined 88.5 million shares changed hands

Cabinet to take up divestment of 45.5% stake in debt-laden IDBI Bank soon

The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year

Privatisation of two public sector banks on meeting agenda next week

Four to five PSBs have been suggested by the Niti Aayog and they will be discussed in the meeting, sources said

Centre will have to put more funds into public sector banks, says RBI

Governance reforms and action plans to enhance operational efficiency and customer services are integral for recapitalisation

Bank operations may be hit on Mon, Tue due to nationwide unions' strike

United Forum of Bank Unions (UFBU) has given a call for a nationwide strike to protest against the proposed privatisation of two state-owned lenders

Privatisation of banks: The sequencing must be right

It would be naïve to read the recent Union Budget announcement on privatisation of two public sector banks as a signal of the government's intent to altogether exit the banking sector. That is not goi

Best of BS Opinion: Climate-resilient grains, bank privatisation, and more

Here's a selection of Business Standard opinion pieces for the day

NITI Aayog submits first list of about 12 PSUs for privatisation

Banks, insurers part of the list as process kicks off

Bank privatisation as an experiment

The government must test the efficacy of privatising two banks first before going the whole hog

A change in direction

After years of disappointing growth, the economy and the markets are poised for a breakout

Start with smaller banks

Govt must have a clear road map for PSB privatisation