Reserve Bank of India (RBI) Governor D Subbarao on Saturday said the government might have to reduce its stake in public sector banks that need to raise Rs 1.6-1.75 lakh crore in additional capital requirement for meeting the Basel-III norms by March 2018.
here will be alternatives before the government either to reduce share holding to 50 per cent or slow down their growth," Subbarao said, while raising the basic question: "Can public sector banks mobilise this sort of capital, or can the government give this sort of capital
here will be alternatives before the government either to reduce share holding to 50 per cent or slow down their growth," Subbarao said, while raising the basic question: "Can public sector banks mobilise this sort of capital, or can the government give this sort of capital
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