Reports indicate that the Govt think tank Niti Ayog has submitted the names of the PSU Banks that can be privatised this year.
Niti Aayog has been given the task of selecting names of two public sector banks and one general insurance company for privatisation as planned in the Budget for FY'22.
Bank of Maharashtra is up over 30% in one week, Indian Overseas Bank is up over 25% in the same period as traders bet on the privatisation theme.