No Cabinet Decision On Privatising 2 State-Owned Banks: FM
NDTV
Finance Minister Nirmala Sitharaman told Parliament on Tuesday that the union cabinet has not taken any decision to privatise two public sector banks
Finance Minister Nirmala Sitharaman told Parliament on Tuesday that the union cabinet has not taken any decision on the proposed privatisation of two public sector banks (PSBs).
She had announced the proposal of privatising two PSBs during her budget speech for 2021-22.
In a written response to a question in Rajya Sabha on privatisation of two PSBs, the finance minister said, "Consideration of various issues related to disinvestment is entrusted to the Cabinet Committee designated for this purpose. Decision by the Cabinet Committee has not been taken in this regard."
The Banking Laws (Amendment) Bill 2021, which entails privatisation of public sector banks, was listed for introduction and passing in the ongoing Winter session of Parliament, however with the session ending tomorrow (December 22), the move is all set to be delayed.
