No Cabinet decision on privatisation of two Public Sector Banks: FM Nirmala Sitharaman

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The measure related to privatisation of PSBs has been listed for the ongoing wintertime league of Parliament which ends connected December 23.

The Cabinet has not taken immoderate determination connected privatisation of 2 Public Sector Banks (PSBs), which the authorities had announced successful Budget 2021-22, Parliament was informed connected Tuesday.

In the Union Budget for fiscal twelvemonth 2021-22, the authorities had announced its intent to instrumentality up privatisation of 2 PSBs successful the twelvemonth and support of a argumentation of strategical disinvestment of nationalist assemblage enterprises, Finance Minister Nirmala Sitharaman said successful a written reply successful the Rajya Sabha connected Tuesday.

She was responding to a question connected privatisation of 2 PSBs.

The objectives of the argumentation see enablement of maturation of nationalist assemblage enterprises done infusion of backstage capital, exertion and champion practices, the curate said.

“Consideration of assorted issues related to disinvestment is entrusted to the Cabinet Committee designated for this purpose/ Cabinet. Decision by the Cabinet Committee/Cabinet has not been taken successful this regard,” Sitharaman said further.

The measure related to privatisation of PSBs has been listed for the ongoing wintertime league of Parliament which ends connected December 23.

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