India may set up a panel to identify public sector banks that can be privatized, including mid- and small-sized ones. The move comes after state-owned lenders turned profitable and several rounds of consolidation reduced the number of banks. The committee, which may include officials from the Department of Investment and Public Asset Management, the RBI and Niti Aayog, will determine quantum of stake sale.
Positive Breakout: These 10 stocks cross above their 200 DMAs
In the Nifty 200 pack, 10 stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 20, according to stockedge.com’s technical scan