Cabinet to soon consider holding company proposal for public sector banks

NEW DELHI, JAN. 16: 

The Government is likely to consider within a few weeks a proposal for setting up a holding company for public sector banks to enable them to raise capital from the market instead of seeking funds from the exchequer.

“We are moving to Cabinet for setting up a holding company for public sector banks,” said an official source.

It will take 2-3 weeks. There will be one holding company for all public sector banks, sources said.

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