Is Govt shifting bank employees to state-run lender before privatisation
Bank of Baroda, Canara Bank, Punjab National Bank, and the SBI are such banks that were in the process of consolidation.
New Delhi: The Union Finance Minister Smt Nirmala Sitharaman and the central government are likely to slash the NPAs and transferring certain employees of the banks to the state-run lenders before the privatisation of two banks which are mentioned by the finance minister in the Union Budget 2021-2022.
Additionally, it was also mentioned that recently banks that were part of the consolidation will not be considered for privatization. This process of shifting employees from the banks to state-run will further an attractive prospect for prospective buyers.
Bank of Baroda, Canara Bank, Punjab National Bank, and the State Bank of India are such banks that were in the process of consolidation. It is also mentioned that the candidates for privatization will be identified by the finance ministry along with the Niti Aayog in the coming 10 days.
Read Also : NMDC unveils Ex-Employee portal 'Samman'News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC