RBI sells entire stake in NABARD, NHB to govt for ₹1,470 cr

The Reserve Bank of India (RBI) on Wednesday said it has divested its entire stake in NABARD and National Housing Bank (NHB) for ₹20 crore and ₹1,450 crore, respectively. The government now holds 100% stake in both the financial institutions, RBI said. The divestment was based on recommendations of the Narasimham Committee-II and a discussion paper prepared by the RBI.