The Cabinet Committee on Economic Affairs (CCEA), has seen became active in taking up strategic sale, of identified companies, having recommended by NITI Aayog as well, with its in-principle approval given in first week of May, for strategic disinvestment, along with the transfer of managment control. Government of India holds, 45.48%, while LIC holds 49.28%, aggregating 94.71%, as joint promoters in IDBI Bank.

It is learnt that CCEA is working on selecting 2 PSBs, for privatisation now, as announced by FM in her Budget speech, where it was spelt out by her of privatising atleast 2 PSB, apart from IDBI Bank. Of this, 1 PSB name may be declared in this month?

Bank of Maharashtra (BoM) having declared its good Q4 and FY21 numbers, with all financial matrix seen well placed, to attract the prospective buyers, may be 1st PSB to get selected by CCEA in this month.
Keep fingers croessed?

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