PSB privatisation: Govt. working on amendments to Banking Companies & Banking Regulation Act       

The government has started to working on amendments to Banking Companies (Acquisition & Transfer) Act and Banking Regulation Act to facilitate the privatisation of public sector banks (PSB).

According to an official, the government is expecting to introduce the amendments to these two acts that had paved the way to bank nationalisation decades ago during the Budget session. The government is right now in the middle of studying what the consequences of these amendments are going to be.