Probable divestment candidates
| Company | Government(% stake) | Sector |
| Canara Bank | 73.17 | Banks |
| Syndicate Bank | 66.47 | Banks |
| Bank of India | 64.47 | Banks |
| UCO Bank | 63.59 | Banks |
| Indian Overseas | 61.23 | Banks |
| State Bank of India | 59.41 | Banks |
| Punjab Natl Bank | 57.8 | Banks |
| Corporation Bank | 57.17 | Banks |
| Union Bank (I) | 55.43 | Banks |
| Allahabad Bank | 55.23 | Banks |
| Vijaya Bank | 53.87 | Banks |
| Bank of Baroda | 53.81 | Banks |
| J & K Bank | 53.17 | Banks |
| IDBI Bank | 52.67 | Banks |
| Andhra Bank | 51.55 | Banks |
| Dena Bank | 51.19 | Banks |
| Oriental Bank of Comm. | 51.09 | Banks |
| PFC | 89.78 | Finance |
| REC | 81.82 | Finance |
| ITI | 92.98 | Telecomm |
| Punjab Commun | 71.21 | Telecomm |
| Andrew Yule & Co | 94.42 | Diversified |
| Neyveli Lignite | 93.56 | Power |
| NTPC | 89.5 | Power |
| Power Grid Corp | 86.36 | Power |
| Hind Organ Chem | 58.61 | Chemicals |
| HMT | 98.88 | Automobile |
| Scooters India | 95.38 | Automobile |
| FACT | 98.11 | Fertilizers |
| Natl. Fertilizer | 97.64 | Fertilizers |
| RCF | 92.5 | Fertilizers |
| NMDC Ltd | 98.38 | Mining |
| Hind Copper | 99.59 | Non Ferrous Metals |
| Natl. Aluminium | 87.15 | Non Ferrous Metals |
| MMTC | 99.33 | Trading |
RESEARCH REPORTS
