Govt may sell up to 20% stake in 5 state-run banks each: Report
The Centre plans to sell up to 20% stake in five public sector banks each over the next four years to meet SEBI's minimum public shareholding norm, Business Standard reported. Bank of Maharashtra, Indian Overseas Bank, UCO Bank, Central Bank of India and Punjab & Sind Bank will reportedly see dilution. The plan is to bring the shareholding under 75%.