Bank Privatisation List In India 2024 – Check All Banks List

Bank Privatisation List In India – Check All Banks List-  Less than a month away from the Union Budget 2023, government officials are making extensive preparations for the final privatisation of banking institutions. Niti Aayog has recently announced the names of the financial institutions that have been privatised. The government is now considering privatising two banks and one general insurance company. In August 2019, the government consolidated four of the 10 banks, taking the total number of public sector banks from 27 to 12.

Bank Privatisation List

Bank Privatisation List In India 2024:

In the released list of NITI Aayog, the government has no plan to privatise

  • Punjab National Bank
  • Union Bank
  • Canara Bank
  • State Bank of India
  • Indian Bank
  • Bank of Baroda
आपको बता दें कि नीति आयोग ने कुछ ऐसे बैंकों की लिस्ट जारी की है जिसका सरकार निजीकरण नहीं करने वाली है. यह बैंक हैं

  • स्टेट बैंक ऑफ इंडिया (State Bank of India)
  • पंजाब नेशनल बैंक (Punjab National Bank)
  • यूनियन बैंक (Union Bank)
  • केनरा बैंक (Canara Bank)
  • बैंक ऑफ बड़ौदा (Bank of Baroda)
  • इंडियन बैंक (Indian Bank)

List of Merged Public Sector Banks in India:

Here Is The List of all Banks Which Are Already Privatised Or Merged With Other Banks.

  • PNB Merged With the Oriental Bank of Commerce and United Bank.
  • Syndicate Bank was Merged With Canara Bank.
  • Both Andhra Bank and Corporation Bank were merged with Union Bank.
  • Indian Bank and Allahabad Bank’s merger also comes into effect from April 1.
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Anchor BankBanks Merged
Punjab National Bank
  • Oriental Bank of Commerce
  • United Bank of India
Canara Bank
  • Syndicate Bank
Indian Bank
  • Allahabad Bank
Union Bank of India
  • Andhra Bank
  • Corporation Bank
Bank of Baroda
  • Dena Bank
  • Vijaya Bank
State Bank of India
  • State Bank of Bikaner and Jaipur
  • State Bank of Hyderabad
  • State Bank of Mysore
  • State Bank of Patiala
  • State Bank of Travancore
  • Bharatiya Mahila Bank

Bank Privatisation List: List of Private Banks in India:

Following are the Private Banks in India. Full List of Private Banks Are Provided Below.

  • Axis Bank
  • HDFC Bank
  • Karur Vysya Bank
  • Bandhan Bank
  • ICICI Bank
  • Kotak Mahindra Bank
  • CSB Bank
  • IDBI Bank
  • Nainital Bank
  • City Union Bank
  • RBL Bank
  • DCB Bank
  • IndusInd Bank
  • South Indian Bank
  • Dhanlaxmi Bank
  • J&K Bank
  • Tamilnad Mercantile Bank
  • Federal Bank
  • Karnataka Bank
  • YES Bank

What will be the impact of the merger of Public Sector Banks?

Impact of Merged Public And Private Sector Banks Are Following. Some of them Are Positive And Some are Negative.

  • Decrease in the costs of operations.
  • A rise in the inclusion of the financial sector.
  • As the network grows and services can reach every corner of the nation, the scope of financial operations in the nation will expand.
  • Technical competence will be more readily available, and the scope of inefficiency—which has long existed in small branches—will be minimized.
  • Government funding infusions to increase PSU capital over time will become less necessary.
  • Administrative costs will be decreased by designating and eliminating superfluous posts.
  • The selection of products will increase and provide clients with more options.

FAQ: Bank Privatisation In India

Which Public Sector Bank Will Be Privatised?

Ans: IDBI Bank Will Be Privatised Soon By Government Of India.

Will SBI be privatised?

Ans: No SBI Will Not Be Privatised By Government. In the released list of NITI Aayog, the government has no plan to privatise

  • Punjab National Bank
  • Union Bank
  • Canara Bank
  • State Bank of India
  • Indian Bank
  • Bank of Baroda

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