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Listing of LIC Not an Option: Banking Secretary to NDTV

PUBLISHED ON: July 15, 2014 | Duration: 3 min, 38 sec

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Banking Secretary G S Sandhu tells NDTV that the government has not accepted the P J Nayak commitee's recommendations on reducing government holding in public sector banks to below 50 per cent. He also says that listing of LIC is clearly not on the cards while various options are being considered for bank consolidation.
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