5 PSU Banks to Cut Government Shareholding
“5 PSBs to Lower Government Stake by August 2024 ”
In the financial realm, sticking to rules is crucial for stability and trust. One such rule, set by Sebi, says listed companies must keep at least 25% of their shares public. Recently, Public Sector Banks (PSBs) have been working hard to meet this rule.
PSBs, like Bank of Maharashtra and UCO Bank, are aiming to reduce government ownership to less than 75%.
This move helps PSBs follow Sebi’s rule and makes them more attractive to investors.
Despite challenges, many PSBs are making progress.
By 2023, four PSBs met Sebi’s rule, and three more joined them this year.
5 PSU Banks to Reduce Government Shareholding: DFS Secretary
Five public sector banks, including Bank of Maharashtra, IOB..
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