Finance minister Nirmala Sitharaman had announced the privatisation of two state-run banks as part of the government's disinvestment programme in her February budget speech.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-privatisation-not-in-one-go-govt-may-retain-at-least-26-in-2-psbs/articleshow/87920400.cms
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