Government plans to pare stakes in 4 PSU banks to 75%
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9 Articles
Govt Plans To Pare Stakes in 4 PSU Banks to 75% To Comply With SEBI Norms | 📰 LatestLY
The Indian government plans to reduce its stake in four public sector banks, Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab & Sind Bank, to 75 percent. The divestment, likely through Offer for Sale (OFS) tranches, aims to comply with SEBI’s 25 percent minimum public float norm while aligning with long-term banking reform strategies. 📰 Govt Plans To Pare Stakes in 4 PSU Banks to 75% To Comply With SEBI Norms.
The central government is moving to reduce the government's stake in public sector banks to 75 percent and privatize the banks. The privatization of Central Bank of India and Indian Overseas Bank and the merger of the banks are being considered.| center plans stake dilution privatization public sector banks idbi psb divestment
The government is considering reducing its stake in four public sector banks to 75%. A new plan for bank mergers is being developed, which could pave the way for the privatization of two banks.
New Delhi (Uttam Hindu News): The central government is preparing to reduce its stake in four public sector banks. These include Central Bank of India, UCO Bank, Punjab & Sind Bank… The post "Modi government to reduce stake in 4 public sector banks! Stakeholding could reach 75%, increasing opportunities for investors" appeared first on uttamhindu.com.
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