 "Indian Overseas Bank, IOB")
Amid privatisation buzz, Indian Overseas Bank (IOB) and Central Bank of India (CBI) on Wednesday informed the stock exchanges that they received no information from government on these lines. The clarification comes a day after Centre's legislative agenda for Winter Session hinted at tabling of Banking Laws (Amendment) Bill 2021 bill for privatisation of two public sector banks.
The bill seeks to "effect amendments in Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980 and incidentalamendments to Banking Regulation Act, 1949 in the context of Union Budget announcement 2021 regarding privatisation of two Public Sector Banks".
"As regards the captioned
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