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Finance Ministry to banks: Exit non-core businesses

Finance Ministry to banks: Exit non-core businesses

Thursday, March 2, 2017, 5:07 PM

As part of capital raising exercise, the Finance Ministry has advised banks to prepare a list of their non-core assets and look at disposing them at the opportune time. Some of the banks have started the process while others are gearing up. According to the finance ministry, they are expected to raise Rs 1.1 lakh crore from the market and through the sale of non-core assets.
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