Yes Bank aims to cut expenses by more than 20% by relocating its offices from the central business district to new locations to rationalise cost, people in the know said.
Govt plans to dress up PSBs before sale; Bank of Maharashtra, BOI, IOB in queueBank of Maharashtra, Bank of India, and Indian Overseas Bank are the frontrunners for being privatised. Central Bank of India may be taken up based on its financial recovery. Punjab & Sind Bank and UCO Bank, the other two lenders that were not merged as a part of the public sector bank consolidation, are not being considered for privatisation yet, officials said.
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