June 4, 2021
1 min read

NITI Aayog finalises privatisation list

People in the know also said that Bank of Maharashtra and Central Bank are the top two candidates that has been favoured for privatisation,…reports Asian Lite News

NITI Aayog has submitted the names of two public sector banks (PSBs) and one public sector general insurer, which can be sold off under the government’s new privatisation policy, to the Core Group of Secretaries on Disinvestment.

Sources said that the Department of Investment and Public Asset Management (DIPAM), and the Department of Financial Services (DFS) will examine the names suggested by NITI Aayog and finalise the list of possible candidates in the financial sector for privatisation this year.

People in the know also said that Bank of Maharashtra and Central Bank are the top two candidates that has been favoured for privatisation, though the Indian Overseas Bank has also found favour for the exercise either this year or possibly later.

Further, according to sources, United India Insurance may be chosen candidate for privatisation among the three general insurers, given its relative better solvency ratio. However, financial sector experts also contend that Oriental Insurance, with the least solvency ratio among the three, may be favoured as it does not have overseas operations and inviting a private investor may be easier for it.

ALSO READ; WazirX announces the launch of India’s first NFT marketplace


Previous Story

UN suspends Iran voting rights over unpaid dues

Next Story

RoundGlass buys Gympik Health Solutions

Latest from Business

Six OMCs Pump ₹290 Cr into Startups

The Union Minister said the country continues to stand as the world’s third-largest startup ecosystem….reports Asian Lite News Six oil marketing companies (OMC) in India have invested Rs 290 crore from their
Go toTop

Don't Miss

Niti Aayog suggests for extending medical coverage

At least 30 per cent of the population or 40

PM Modi’s push for ‘Viksit Bharat@2047’

PM Narendra Modi said that Niti Aayog can play a