In January 2019 the Finance Ministry asked the Public Sector banks to gradually reduce the Govemment...........

Static GK (CPO) Banking Awareness

In January 2019, the Finance Ministry asked the Public Sector banks to gradually reduce the Govemment’s equity to ....... per cent.

This questions was previously asked in

SSC CPO 13th-March-2019-Shift-1

- In early 2019, the Finance Ministry issued a directive to public sector banks regarding the reduction of the government’s equity stake.

- The aim was to gradually lower this stake to encourage more public ownership and enhance operational efficiency.

- Option 1 (37%): This percentage, while appealing for diversified ownership, was not the target set by the Ministry.

- Option 2 (45%): This is closer to an ideal position for more balanced stakeholder involvement but was not the exact requirement.

- Option 3 (52%): This option reflects the government's real intent to reduce its majority stake but still retain significant control.

- Option 4 (63%): This percentage indicates a very modest reduction, keeping substantial government control.

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