Finance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the privatisation of two public sector banks (PSBs) and one general insurance company.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/state-owned-banks-getting-ready-for-privatisation-may-come-out-with-vrs/articleshow/83337195.cms
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