New Delhi: NITI Aayog today said that no list has been shared by it on the privatization of public sector banks (PSBs).

“A fictitious message is being circulated in media regarding list shared by NITI Aayog on privatization of Public Sector Banks. It is hereby informed that no such list as mentioned has been shared by NITI Aayog in any form,” the agency said in a statement.

It may be mentioned here that in the Budget address, Finance Minister Nirmala Sitharaman announced that two public sector banks and one general insurance company will be privatised.

In 2019, the central government kicked off a mega-merger plan for Public Service Banks (PSBs) and the merger came to effect in April 2021.

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