Earlier in the Union Budget Finance minister Nirmala Sitharaman announced that two public sector banks would be privatised this financial year.source https://economictimes.indiatimes.com/industry/banking/finance/banking/central-bank-of-india-indian-overseas-bank-close-sharply-higher-on-disinvestment-buzz-banks-deny-having-knowledge-on-the-matter/articleshow/87892204.cms
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