RBI sells its entire stake to NHB, NABARD to the government

RBI sells its entire stake to NHB, NABARD to the government

April 25, 2019

RBI


Reserve Bank of India (RBI) has sold its entire stake in National Housing Bank (NHB) and National Agricultural and Rural Development Bank (NABARD) for Rs 1,450 crore and Rs 20 crore respectively to the government.

The RBI said that the government's stake in these two financial institutions has gone up to 100 percent. Sales of the shares have been done on the basis of recommendations of Narasimhan Committee-II.
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