SBI Report Urges Govt to Reduce Stake in PSU Banks for Better Valuations

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|Times of India|a year ago

A research report by India's largest public sector bank suggests the government reduce its stake in public sector banks to boost their valuations. The report also recommends consolidation in PSU banks and various reforms like HR autonomy and digital investments. It calls for clarity on the divestment of IDBI Bank and proposes tax parity for bank fixed deposits. The report comes amid the stalled IDBI Bank sale process due to RBI issues.

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