Securities and Exchange Board of India Act 1992 Current Affairs, GK & News

Securities and Exchange Board of India Act 1992  Current Affairs, GK & News

PSU banks to bring down govt equity to 52%

The Finance Ministry has asked the public sector banks to gradually reduce the government’s equity to 52 per cent. Currently, some of the public sector banks have government’s holding beyond 75 per cent. Why the disinvestment? The decision to bring down the government’s equity to 52 per cent was taken due to the following reasons: ..

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