PSB Privatisation Bill may allow government complete exit

The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, requires the central government to hold at least 51% of public sector banks. The earlier thinking was that Centre should retain at least 26% stake during privatisation and that this could be brought down gradually.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rUOtsIM
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