PSBs privatisation: Decision by Cabinet has not been taken in this regard said Sitharaman

Consideration of various issues related to disinvestment is entrusted to the Cabinet Committee designated for this purpose/ Cabinet.

PSBs privatisation: Decision by Cabinet has not been taken in this regard said Sitharaman
Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman

New Delhi: The decision of privatizing two Public Sector Banks (PSBs) is still not taken by the cabinet. Earlier the Finance Minister Smt Nirmala Sitharaman announced the decision of privatization of two PSBs. 

Talking more into this on Tuesday in a written reply to Rajya Sabha it mentioned that the government had announced its intent to take up privatization of two PSBs in the year and approval of a policy of strategic disinvestment of public sector enterprises. 

"Consideration of various issues related to disinvestment is entrusted to the Cabinet Committee designated for this purpose/ Cabinet. The decision by the Cabinet Committee/Cabinet has not been taken in this regard," Sitharaman said further.

However, Union Finance Minister Smt. Nirmala Sitharaman to chair Pre-Budget consultations with prominent economists today,  22nd December 2021, in New Delhi in connection with the forthcoming General Budget 2022-23. The meetings are being held virtually.