State Bank of India (SBI) and other lenders are preparing to exit Yes Bank as new investors express interest in acquiring stakes. This development follows ongoing discussions regarding a stake sale at Yes Bank, which aims to facilitate the exit of its current lenders. Additionally, the Indian government is considering a reduction of its stake in the Bank of Maharashtra in the fiscal year 2025 to adhere to Minimum Public Shareholding (MPS) regulations. State-owned banks are also anticipated to receive a two-year extension to meet the Securities and Exchange Board of India (SEBI) guidelines on public shareholding.
State-owned banks are expected to get another two-year extension to comply with Sebi’s minimum public shareholding norms. Read to know more 👇 https://t.co/o22ER8l6kF #SEBI #MPS #PSU
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