Monday, July 20, 2020

Privatisation drive: India plans to reduce number of state-owned banks to just five, say sources

The government is working on a privatisation plan to help to raise money by selling assets in non-core companies and sectors when the country is strapped for funds due to lack of economic growth caused by the coronavirus pandemic.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/privatisation-drive-india-plans-to-reduce-number-of-state-owned-banks-to-just-five-say-sources/articleshow/77066632.cms

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