CURRENT AFFAIRS : BANKING & FINANCE
Bank of India plans share sale to meet SEBI’s minimum public holding norms
- State-owned Bank of India (BoI) is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25%.
- Currently, the Government of India (GoI) holds an 81.41% stake in the Mumbai-based bank.
- Public sector banks have time till August 2024 for meeting the Securities and Exchange Board of India (SEBI) requirement.
