Privatisation of PSU Banks: Latest News on RTI

Privatisation of PSU Banks:

Here is the latest news on privatisation of PSU banks. In the recent budget 2021-22 announcement, Finance Minister Nirmala Sitharaman had announced that the two public sector banks will be privatised. the banking aspirants who prepare for the government bank exams were worried about this news. Still, there is no clarity on the privatisation of PSU banks. Also, there are huge speculations to know the two PSU (Public Sector Undertaking) banks which are going to be privatised. Now based on the RTI (Right to Information) act, an aspirant has raised queries to NITI Aayog regarding this privatisation of PSU banks. So, check these queries and NITI Aayog’s reply to get an idea about the privatisation of public sector banks in India.

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NITI Aayog’s Reply to RTI Queries:

Query 1: Which are the 2 PSU banks that are going to be privatised?

NITI Aayog’s Reply – Nil Information.


Query 2:  On which criteria, the cabinet has approved the policy of privatisation of public sector banks?

NITI Aayog’s Reply – The cabinet has not approved any specific policy till now. It will be dealt by the department of financial services.


Query 3: What are the recommendations of NITI Aayog for the privatisation of public sector banks?

NITI Aayog’s Reply – NITI Aayog recommendations on CPSEs do not include any public sector banks.

Still, candidates are in a confused state on the privatisation of public sector banks.  But this is not the solution. You should continue your preparation to achieve your goal. These unnecessary confusions will dilute your preparation strategy and plans. So prepare for the upcoming bank exams with a focused mind. Practice Guidely mock test series for your success.


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