Author: Yadnya Investment Academy
Source
The Union Budget 2021 is going to be a big boost for the banking sector. Finance Minister Nirmala Sitharaman made 3 key announcements for Banking :
1. Capital Infusion of Rs.20,000 Cr for Public Sector Banks
2. Proposal to set up a Bad Bank to consolidate stressed assets
3. Privatization of 2 Public Sector Banks & Stake sale in IDBI Bank
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