Paving the way for privatisation of public sector banks With just eight months left in the current fiscal, it’s a race against the clock for the government to privatise two public sector banks. Share Via Email | A+A A- For representational purpose. (Photo | PTI) With just eight months left in the current fiscal, it’s a race against the clock for the government to privatise two public sector banks. In February, Finance Minister Nirmala Sitharaman pledged to privatise two PSBs (besides IDBI Bank) and one public sector insurer within this fiscal. She even assured faster introduction of legislative amendments to banking laws that mandate minimum government ownership of 51% in PSBs.