07 Oct 2025 | 5 Mins Read
PSU banks' divestment through OFS to be completed by FY26
Flipitmoney
Department of Financial Services Secretary M Nagaraju stated that the divestment in state-owned banks via OFS is on track, aiming to be completed by FY26. Five PSU banks (Bank of Maharashtra, Indian Overseas Bank, UCO Bank, Central Bank of India, and Punjab and Sind Bank) will be partially divested through the OFS route. The government will remain the majority shareholder with stakes above 51%.