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Cabinet secretary-led panel holds crucial meeting on bank privatisation


Cabinet secretary-led panel holds crucial meeting on bank privatisation
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Last Updated: Jun 27, 2021, 12:33 PM IST
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The meeting of the high-level panel deliberated on the recommendation of the NITI Aayog on Thursday June 24, sources said, adding the panel would after tying up all loose ends will send the names of the shortlisted PSU banks to AM for consideration.
Inching a step closer to privatisation of two public sector banks, a high-level panel headed by the cabinet secretary recently held a meeting to thrash out various regulatory and administrative issues so that the proposal could be placed with the group of ministers on disinvestment or Alternative Mechanism (AM) for approval. ....

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Sugar stocks: The week that was in 10 stocks: Sugar stocks zoomed up to 35%, Venky's soared 28%


Venky s (India): The domestic poultry firm is the global leader of specific pathogen free (SPF) eggs, which are used for vaccines. The demand for these eggs has gone up recently. The counter surged 28 per cent during the week to Rs 3,424.35 on Friday.
Indian Overseas Bank,
Central Bank of India: According to media reports, the two PSU lenders have been shortlisted for privatisation. It is expected that the government will bring amendments in the Banking Regulation Act for divestment of state-owned banks.
Indian Overseas Bank soared 26 per cent to Rs 24.85, whereas Central Bank of India jumped 23 per cent to Rs 24.8.
HFCL: The company is among the 25 telecom gear makers that have applied under the Rs 12,195 crore production-linked incentive scheme for the sector. The stock surged 23 per cent during the week to Rs 64.7. ....

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