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n=0 · last 7 days · stream A · coverage · floor 5
Business · 23 Oct
AI summaryThe central government is considering reducing its stake in four public sector banks to 75% to comply with SEBI regulations, with the long-term goal of consolidating the banking sector into 3-4 major banks. Officials believe this move, alongside the IDBI bank privatization, will strengthen the financial system and improve market valuations.
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