Govt to take view on privatisation of public sector banks after consultation with dept, regulator

The government on Monday said it will take a view on the privatization of public sector banks (PSBs) after consultation with the concerned department and regulator. Consideration of issues related to disinvestment and decision on selection, terms, conditions, etc. In case of strategic sale is entrusted to the Cabinet committee designated for this purpose under the Government of India (Transaction of Business) Rules, 1961, minister of state for finance Bhagwat Karad said in a written reply to Lok Sabha.

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