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Business & Finance

Reuters first to report India plans to sell four state-owned banks

Reuters was first to report that India’s government has shortlisted four mid-sized state-run banks for privatization, under a new push to sell state assets and shore up government revenue. The four banks on the shortlist are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India, sources told Reuters. Stocks of the banks jumped as much as 20% on the news.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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