Reserve Bank of India divests its share in NABARD and NHB
- The Reserve Bank of India has announced that it has divested its entire stake in NABARD and NHB on February 26, 2019 and March 19, 2019 respectively. RBI has a share of Rs 20 Crore in NABARD and Rs 1450 Crore in NHB.
- With this, the Government of India now holds 100% stake in both the financial institutions.
- RBI held 100% shareholding in NHB, which was divested on March 19, 2019.
Points to remember:
- Shareholding of NABARD and NHB.