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News Desk: Two more state-owned banks are about to be sold. According to sources, the Center wants to pass a bill in this regard in the upcoming Badal session of Parliament. Opposition groups might protest, but it won’t affect the passing of the bill.
The names of the two banks that will be privatized have not yet been announced by the Center. Sources claimed that the Modi government initially selected four medium-sized banks for privatization – Bank of Maharashtra, Bank of India, Indian Overseas Bank and Central Bank of India. The Niti Aayog later proposed that most of the shares of Indian Overseas Bank and Central Bank of India be sold. The Modi government can proceed by accepting the proposal of the Niti Aayog.
