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Niti Aayog recommends privatisation of 3 PSU banks amongst other reforms in the financial sector

Updated : July 31, 2020 08:46 PM IST

Privatisation of Punjab & Sind Bank, UCO Bank and Bank of Maharashtra will require an amendment to Banking Companies (Acquisition and Transfer) Act of 1970
Sources have told CNBC-TV18 that the body has also suggested bringing in flexibility for NBFCs participation in the bond markets.
The recommendation was made by the government think tank in a presentation to PMO and union finance ministry functionaries.

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