The North Block of the Central Secretariat building, which houses the Ministries of Finance and Home Affairs, stands in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)
The Indian government may potentially look at privatising as many as six state-owned banks, with an eye on selling stake in smaller-sized lenders.During deliberations on the new privatisation policy, unveiled by Finance Minister Nirmala Sitharaman in the Union Budget for 2021-22, the department of financial services in the finance ministry said India would need at least six large state-owned banks. India has a total of 12 state-owned...