Amid all the talks of partial roll back of stimulus and the boosting economy and inflation when the budget was announced on Friday, the finance minister also announced that government is looking forward for the disinvestments of the PSU banks into the hands of private sector and non-banking finance companies (NBFCs). As soon as the announcement for the consideration of banking licenses was made, there were a lot of names on which the market's speculations started.

RBI has taken this step after 10 long years. Way back in 2000 it had issued banking licenses to Kotak Mahindra bank and Yes Bank.

Tatas, the Anil Ambani group, the Aditya Birla group, IDFC, Indiabulls, Edelweiss Capital, Religare, M&M, L&T, Shriram Finance and the Cholamandalam group are some of the big names that are looking forward to participate.

On the share market also the shares of probable candidates soared, among them were the shares of Anil Dhirubhai Ambani group's Reliance Capital which touched Rs. 786 levels with 8% jump. Shriram Transport rose by 7% to Rs 461, IDFC gained 4.7% to Rs 160 and Aditya Birla Nuvo, was up by 4.3% higher at Rs 841.