Bengaluru, Aug. 26 -- The government is moving forward with banking reforms, with a focus on reducing its stake in public sector banks (PSBs), improving governance standards, and meeting regulatory requirements. The plan aims to boost efficiency, increase institutional participation, and strengthen the sector's competitiveness.

What is News's? As per the sources, the government is planning to reduce its stake in four public sector banks (UCO Bank, Central Bank of India, Punjab & Sind Bank, Indian Overseas Bank) by up to 5 percent, starting this fiscal year (FY26) and continuing over the next 2-3 years. Currently, government holdings in these banks are above 89 percent.

For this stake sale, the Government has appointed Goldman Sachs to m...