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Tuesday Feb 07, 2023

SBI-PNB Privatization | What will be the privatization of SBI and PNB? NITI Aayog made it clear


sbi

Pic: Social Media

New Delhi. Where at present less than a month is left for the presentation of the General Budget for the year 2024. At the same time, the Modi government is engaged in the preparation of the budget day and night. But in the midst of all this, a list is going viral in the media, in which the privatization of some public sector banks is being talked about, while the matter of leaving some has come to the fore. . However, regarding this list and news, Niti Aayog has now clearly said that all these news are wrong.

Today i.e. on Friday, NITI Aayog said, “A fabricated message is being circulated in the media regarding the list of privatization of public sector banks issued by NITI Aayog. NITI Aayog clarifies that no such list has been shared in any form.

Will SBI and PNB be private?

In fact, before the budget, the news of privatization of banks was circulated in such a way that the government is going to privatize big public sector banks like SBI and PNB.

But contrary to this, in reality, in its recommendations in March 2021, NITI Aayog has said to keep PNB, Canara Bank, Union Bank, Indian Bank and Bank of Baroda out of the list of privatization including SBI. However, Finance Minister Nirmala Sitharaman in her budget speech last year had said one thing about the privatization of two government banks and a general insurance company.

NITI Aayog gave clarification

At the same time, on the privatization of public sector banks, the NITI Aayog has now clarified that no such list has been issued by it so far. So now it is clear that at present the Modi government is not thinking anything about the privatization of these government banks.

Banks have already merged

However, in the year 2019, many government banks in the country were merged with each other to make them a big bank. Then Oriental Bank of Commerce and United Bank were merged in PNB under it. Whereas Oriental Bank of Commerce and United Bank, while Oriental Bank of Commerce and United Bank merged and finally Allahabad Bank was incorporated into Indian Bank. But for the time being, privatization is not going to fall on SBI and PNB.



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