whispers in the corridors
PSBs to transfer unclaimed shares
Banking Laws (Amendment) Act, 2025, effective August 1, allows PSBs to transfer unclaimed shares to the Investor Education Fund and introduces governance reforms. The government is accelerating stake sales in up to five PSBs (up to 20%) via QIP (Qualified Institutional Placement)/(OFS (Offer For Sale) in the next six months, with merchant bankers in final selection.
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