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Lok Sabha okays Bill to trim Govt stake in SBI to 51%

PUBLISHED ON: August 3, 2010 | Duration: 2 min, 26 sec

   
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The Lok Sabha has passed the State Bank of India (Amendment) Bill 2010, which seeks to, among other things, reduce the statutory minimum shareholding of the Central Government in the bank to 51 per cent from the current level of 55 per cent. The bank will now have greater access to funds via capital markets.
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