Six consortiums, including those led by Reliance Industries, Tata Group, Axis-ICICI Bank, Paytm, India Post and fintech startup iserveU, had submitted applications to the central bank in April.
Second wave of Covid to derail PSB privatisation: FitchFM Nirmala Sitharaman in her budget speech for FY22 had announced that the government will privatise two public sector banks and one insurer. The Niti Aayog has already sent a shortlist of PSBs to the group of ministers (GoM).
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