| Cabinet nod for Reserve Bank's SBI stake sale |
| BS Reporter / Mumbai June 15, 2007 |
| The road has been cleared for the government's acquisition of the Reserve Bank's (RBI) stake in State Bank of India (SBI) after the Cabinet approved an ordinance to the effect today. The ordinance route was taken as the State Bank of India (SBI) Amendment Bill, which allows the government to take control of the RBI's 59.7% stake in the country's largest bank, is still pending in Parliament.The government wants to complete the process by June 30, the end of RBI |
