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Finance ministry may ask Sebi to extend public float deadline for PSBs

Finance ministry may ask Sebi to extend public float deadline for PSBs

Sunday, April 9, 2017, 9:37 PM

The finance ministry may request capital market regulator SEBI to extend the August deadline for PSBs to meet 25% public float norm as it mulls various options to pare government stake in state-run banks.There are seven public sector banks (PSBs), including United Bank of India, Indian Bank, Bank of Maharashtra and Central Bank of India, where the government holding is above 75%.
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