![Government pushes IDBI Bank disinvestment process Government pushes IDBI Bank disinvestment process](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFx3WdmNsgwLordHl8syba13Y0GdjeulrMHHjiUZUJ-dflBNEVR98TZx3XxoLDbapRic_Vo1dHGQqEAM_Q_Qn1UAVCuYKQsvEwEZqZga5KZPuCKDdoP0kPlTAqdZBsXcsmUER0I9pE5F7wEXGnPHzwexyUw2uiH0_4kVeta8sq2dI60Te3KIYF2GD2yw/w320-h197-rw/IDBI%20Bank.jpg)
- Reserve Bank of India is considering tweaking the promoter criteria which will bring a wider pool of bidders for public sector banks.
- The budget for 2021-22 proposed to privatize two public sector banks along with a general insurance company.
- A new strategic disinvestment policy has categorized banking as a strategic sector where the government is aiming to maintain a bare minimum presence.
- Current bank privatization has faced some encumbrances as the norms of RBI are cogent that any existing bank cannot promote a new bank.
- The Banking Laws (Amendment) Bill, 2021 is yet to be introduced in the house.
- One of the considerations is to allow the existing private banks to take a larger share in the public sector banks earmarked for privatization.
Question:
Q.1 In the Bank disinvestment process of IDBI, how many public sector banks are there?
a. 10
b. 11
c. 12
d. 13
b. 11
c. 12
d. 13