The four banks on the shortlist are Bank of Maharashtra , Bank of India, Indian Overseas Bank and the Central Bank of India
Meet in Hyderabad to discuss Budget announcements on privatisation of IDBI Bank and two Public Sector Banks, setting up bad bank, LIC disinvestment among other things
Wants RBI to relax the rules on ownership in private sector banks
Among individual stocks, Punjab National Bank jumped 5.2 per cent to Rs 34.6 apiece on the NSE in the intraday trade
The writing on the wall says privatisation of banking is inevitable; how it is done is a matter of academic interest
FinMin has asked govt-owned banks to capture 42 questions on credit, non-performing assets, Mudra loans, agriculture
According to him, it would take at least two years for the banks to be strengthened for divestment