A recent notification released by the DFS director for conducting the meeting on 22nd April at Lok Sabha secretariat has given the strong push for bank privatization. As per the notification a new uncommon name has been added in the list along with the probable candidates i.e. Bank of India, UCO bank, IOB.
The bank of Baroda has also been added in the list for discussion.
The addition of bank of Baroda for the discussion is raising the speculation of merger or privatization, which is still not clear. Interestingly, the strongest name in the list for privatization is missing i.e. Bank of Maharashtra.
Also Read – Profitable Public Sector Banks are at Higher Risk of Privatization
