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RBI sells entire stake in NABARD, NHB to govt for ₹1,470 cr
short by Shruti Maria Mahendar / on Thursday, 25 April, 2019
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.
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