Time to push divestment of PSBs, says SBI report

The government should go ahead with disinvestment of public sector banks (PSBs) as they are in good condition, SBI said in its research report.

The report also pitched for the consolidation of existing government-owned banks.

“As banks are in good condition, the government should take stance on disinvestment of PSBs,” the report titled ‘Prelude to Union Budget 2024-25’ said.