By PTI Apr 24, 2019 9:38:15 PM IST (Published)
Follow real-time updates on Union Budget 2023Catch exclusive videos on Union Budget 2023 from CNBC-TV18
The Reserve Bank of India (RBI) has divested its entire stake in National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (Nabard) for Rs 1,450 crore and Rs 20 crore, respectively.
The Reserve Bank of India (RBI) has divested its entire stake in National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (Nabard) for Rs 1,450 crore and Rs 20 crore, respectively.
Recommended Articles
View All
The A to Z of FM Sitharaman's Budget 2023 — alphabetically yours
Feb 1, 2023 IST6 Min(s) Read
Nirmala Sitharaman’s big capex push a welcome step, but funding could prove a challenge
Feb 1, 2023 IST3 Min(s) Read
Old vs new tax regime after Budget 2023 — Check which is better for you
Feb 1, 2023 IST4 Min(s) Read
Budget 2023 | What is the National Data Governance Policy
Feb 1, 2023 IST2 Min(s) Read
The central bank sold stake in NHB on March 19, while it sold the stake in Nabard on February 26, the bank said in a statement Wednesday. "With this, the government now holds 100 percent stake in both these financial institutions," the RBI said.
Divestment has been done on the recommendation of the second Narasimham committee report and the discussion paper prepared by the RBI on 'harmonizing the role and operations of development financial institutions and banks,' the central bank said.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!