Privatisation of any public sector bank (PSB) during the current fiscal is very unlikely due to their low valuations and mounting stressed assets amid the COVID-19 crisis, sources said. At present, four public sector banks are under the RBI's Prompt Corrective Action (PCA) framework, which puts several restrictions on them, including on lending, management compensation and directors' fees.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MZuX6c
