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PSB privatisation: Acquirers may be allowed to hold minimum 26% stake

Updated Apr 16, 2021 | 14:25 IST
The government wants to iron out all policy-related niggles in bank privatisation to ensure a seamless process before it sends out an investment invite.
PSB privatisation
New Delhi: The government is actively looking for ways to elicit strong interest from investors for state-run banks that are up for privatisation. Acquirers may be allowed to hold a minimum 26% stake the bank and also be given a longer time frame to trim their stake down to 26%. The government believes this flexibility will help elicit a good response from investors, the
Economic Times mentioned in a report.
Currently, the government owns more than 51% stake in all public-sector banks, which means an investor acquiring them would need to cut down their holding over time.

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New textile policy likely to be focussed on boosting domestic industry

New textile policy likely to be focussed on boosting domestic industry
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