Finance Ministry Asks PSBs To Monetise Investments In Subsidiaries Via Listing On Bourses

Finance Ministry Asks Public Sector Banks To Scale Up And List Subsidiaries To Unlock Value Through IPOs

Wherever required banks should invest funds to scale up operations of their subsidiaries or joint ventures, sources said, adding, banks can look at unlocking value at an opportune time.

Finance Ministry Asks PSBs To Monetise Investments In Subsidiaries Via Listing On Bourses

The finance ministry has asked public sector banks to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good return.There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term, sources said.Wherever required banks should invest funds to scale up operations of their subsidiaries or joint ven…

India's Finance Ministry Urges PSBs to List Subsidiaries and Expand Lending

On June 29, Livemint reported that India’s Finance Minister Nirmala Sitharaman urged public sector banks to list subsidiaries. This aims to unlock value once subsidiaries grow enough to justify market presence. About 15 subsidiaries or joint ventures are under consideration for IPOs or divestments. Banks must improve governance and decision-making within these subsidiaries. Operational efficiency also needs to be enhanced before listings can pro…

Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses

New Delhi, Jun 29 (PTI) The finance ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good return. There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term, sources said. Wherever required banks should invest funds to scale up operations o…