The Centre will introduce the Banking Laws (Amendment) Bill 2021, aimed to privatise two public sector banks, in the forthcoming Winter session of Parliament, which will commence from Nov 29.
The proposed legislation is among the list of 26 bills which are scheduled to be introduced during the session.
The bill will be tabled to privatise two public sector banks, amendments need to be made in Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980 as well as incidental amendments, that are required to be made in the Banking Regulation Act, 1949.
The bill is listed for introduction, consideration as well as passing during the forthcoming Winter session, media reports said.
Finance minister Nirmala Sitharaman while presenting the Union Budget for 2021-22 22 had announced the privatisation of two public sector banks as part of the government’s disinvestment drive.
