08
Jul
#PSUBankReforms #DisinvestmentDrive #BankingSector #GovernmentPolicy #PublicSectorBanks #IndianEconomy #BankOfMaharashtra #IOB #UCOBank Mumbai: In a significant move towards banking sector reforms and public sector disinvestment, the Government of India is preparing to dilute its stakes in five public sector banks (PSBs). These include Bank of Maharashtra, Indian Overseas Bank (IOB), UCO Bank, Central Bank of India, and Punjab and Sind Bank. On July 8, an inter-ministerial group (IMG) is scheduled to meet to finalise the appointment of transaction advisers—both technical and legal—who will be responsible for guiding the strategic execution of this stake sale. This step marks the formal initiation of a complex…
