Banking Awareness

Static GK (SBI -PO)

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How much shares the government hold in the Public sector banks?

Minimum 75%

More than 50%

More than 33%

More than 49%

Explanation:

More than 50%

At present, the government has to hold 51 per cent in PSBs at all times, according to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

By: Samar Thakur

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