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PSB privatisation: Acquirers may be allowed to hold minimum 26% stake

Updated Apr 16, 2021 | 14:25 IST The government wants to iron out all policy-related niggles in bank privatisation to ensure a seamless process before it sends out an investment invite. PSB privatisation  New Delhi: The government is actively looking for ways to elicit strong interest from investors for state-run banks that are up for privatisation. Acquirers may be allowed to hold a minimum 26% stake the bank and also be given a longer time frame to trim their stake down to 26%. The government believes this flexibility will help elicit a good response from investors, the Economic Times mentioned in a report.  Currently, the government owns more than 51% stake in all public-sector banks, which means an investor acquiring them would need to cut down their holding over time.

New textile policy likely to be focussed on boosting domestic industry

New textile policy likely to be focussed on boosting domestic industry
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