![Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India are shortlisted for privatisation](https://mc.webpcache.epapr.in/pro.php?size=large&in=https://mcmscache.epapr.in/post_images/website_13/post_21312294/thumb.jpg)
Now the government has shortlisted four mid-sized state-run banks for privatisation. Earlier, the government was considering only two public sector banks but now it plans to privatise four banks.
According to a tweet by journalist Aadesh Rawal, the government has taken the call to do so. The four banks shortlisted are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India.
In the past, an analyst said Punjab and Sind Bank and Bank of Maharashtra looked probable candidates for privatisation. This is mainly because of the six banks kept out of merger, Indian Overseas Bank, Central Bank and UCO Bank are under PCA (prompt-corrective action).
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