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Centre may have no stake in public sector banks after privatisation

Wants RBI to relax the rules on ownership in private sector banks

Topics
Banks privatisation | PSB privatisation | privatisation

Subhomoy Bhattacharjee  |  New Delhi 



bank, banks, bank merger
The RBI has set up a committee under retired bureaucrat P K Mohanty to review the guidelines for private sector banks to bring them on a level with “international practices as well as domestic requirements”. The report is due in a week

The government is veering towards the view that exiting a public sector bank should be total when it is privatised. To make the sale attractive, however, the government wants the Reserve Bank of India (RBI) to relax the rules on ownership in private-sector .

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First Published: Mon, October 19 2020. 06:10 IST

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