The government shareholding in many state-run banks is currently above 75 %. In prevoius years, the government had taken Sebi approval for recapitalising PSBs which had pushed up the government's stakes in these banks. "We have taken permission from Sebi on having over 75 % government shareholding in PSBs in the past and if banks are further capitalised , we will do so again. Already the government stakes are above 75 % in many of the state run banks," the source said. In state-run IDBI Bank, the promoters hold 97.46 % stake, as per BSE shareholding pattern of March 2019.

Source: Mint May 05, 2019 13:30 UTC