💨 Abstract

India has invited proposals from merchant bankers and legal advisers to sell the government's minority stake in select public sector banks and financial firms, including Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank. The aim is to comply with public shareholding norms and lower the government's stake in these banks. The appointed advisers will serve for three years.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖