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Centre to amend two legislations on privatisation of PSU banks These Acts led to the nationalisation of banks in two phases and provisions of these laws have to be changed for the privatisation of banks, they said PTI | February 16, 2021 | Updated 14:45 IST As the government has already announced the list of legislative business for the Budget session, it is expected that these amendments may be introduced in the Monsoon session or later during the year, sources added To facilitate the privatisation of public sector banks, the government is likely to bring amendments to two legislations late...

Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation, sources said.

To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Unde

Privatisation of PSU banks: Govt to bring amendments to two legislations Public sector banks accounted for ₹7.77 trillion of the total gross NPAs of the banking sector. Photo: Hemant Mishra/MintPremium 2 min read . Updated: 16 Feb 2021, 02:03 PM IST PTI Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks Share Via Read Full Story To facilitate the privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Amendments would be required in t...

IIFCL may be subsumed into new DFI: DFS Secretary SECTIONS Last Updated: Feb 03, 2021, 07:47 AM IST Share Synopsis Department of Financial Services secretary Debashish Panda said the proposed DFI would come under the regulatory supervision of the Reserve Bank of India and gradually the government’s stake in the company would be brought down to 26%. About 7,000 projects have been identified under the NIP with projected investment of a whopping Rs 111 lakh crore during 2020-25. NEW DELHI: India Infrastructure Finance Company Ltd (IIFCL) may be subsumed into the proposed development finance i...