Thursday, December 11, 2014

                                       GOVERNMENT TO REDUCE STAKE IN
                                        PUBLIC SECTOR BANKS.

                  The Union Cabinet  has approved plans to raise Rs.1.6 trillion rupees
                  ($25.76 billion) by selling some of its stake in state run banks by 2019.
                  The government holds stake ranging between 56 percent to 84 percent
                  in 27 public sector banks.

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