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Under Increasing Pressure, Government Considers Banks’ Stake Dilution

October 24, 2017

Under Increasing Pressure, Government Considers Banks’ Stake Dilution

The union government is mulling over diluting its share in the banks in which its holding is above 75%. This is in a bid to raise capital for the Public Sector Banks (PSBs) that are struggling with a large number of non-performing assets.

A senior official said that although the market conditions will play a pivotal role in the government’s plan of selling its stake in the PSBs, it also needs to lower its stake below 75% in certain banks first.  This is to comply with the norm that PSBs must attain a minimum 25% public shareholding.

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