The news of privatization of public sector banks is wrong, NITI Aayog made it clear

At present, the preparations for next year's budget are in full swing in the country. In such a situation, a list of NITI Aayog is going viral, in which information related to privatization of public sector banks has been given. Now NITI Aayog has clarified the situation on this.

Less than a month is left for the next year's general budget to be presented. Government officials are engaged day and night in the preparation of the budget. Meanwhile, a list is going viral in the media, in which there is talk of privatization of some government banks, while some are to be left out. However, now NITI Aayog has given its clarification regarding this list and news. The commission says that all these news are wrong.

NITI Aayog said in a statement on Friday – A fabricated message is being circulated in the media regarding the list of privatization of public sector banks issued by NITI Aayog. NITI Aayog has not shared any such list in any form.

SBI, PNB will be private?

Due to the viral list of NITI Aayog before the budget, a stir was also seen in the market. In fact, the news of privatization of banks was broadcast in such a way that the government is going to privatize big public sector banks like SBI and PNB.

In fact, in its recommendations in March 2021, NITI Aayog has asked to keep Punjab National Bank, Canara Bank, Union Bank, Indian Bank and Bank of Baroda out of the list of privatization including State Bank of India. While Finance Minister Nirmala Sitharaman in her budget speech last year talked about privatization of two government banks and a general insurance company

NITI Aayog made it clear

Now where NITI Aayog has made it clear that no such list has been issued by it. So it has become clear that the government is not paying any attention to the privatization of these public sector banks.

Anyway, the Government of India had done the work of merging many government banks in the country to make them a big bank. This merger of banks done in 2019 came into effect from April 2021. Under this scheme, Oriental Bank of Commerce and United Bank were merged with PNB. While Syndicate Bank was merged with Canara Bank. Andhra Bank and Corporation Bank were merged with Union Bank, while Allahabad Bank was merged with Indian Bank.

At the same time, the names of the two private banks are yet to be finalised. However, the government has decided to 'public' its stake in IDBI Bank. Also, she has been trying to sell her stake in it for a long time. On the other hand, the name of Central Bank of India is at the top in the government bank which is discussed the most to be made private.