The government is preparing to launch an offer for sale (OFS) to reduce its stake in Indian Overseas Bank. According to reports, the government currently holds a 92.44% shareholding in the lender. The OFS is expected to dilute the government’s ownership by selling part of its stake in the market. The reports also indicate that similar next steps may follow for other public sector banks, with Punjab & Sind Bank and UCO Bank described as potential candidates. The move is part of the broader process of adjusting government holdings in state-owned financial institutions, though the specific details of the OFS—such as the size of the stake to be sold and the timeline—are not stated in the available summaries. Overall, the information points to an imminent OFS aimed at bringing down the government’s majority stake in Indian Overseas Bank, with other banks potentially considered for subsequent dilution.