5 Indian PSBs, including Punjab & Sind Bank, yet to meet 25% Sebi MPS norm by August 2024.
5 out of 12 Indian Public Sector Banks (PSBs) are yet to meet the minimum public shareholding (MPS) norm (25%) by Sebi, according to a senior government official. The banks, which include Punjab and Sind Bank, Central Bank of India, Indian Overseas Bank, and UCO Bank and Bank of Maharashtra, have laid out action plans to meet the requirement. PSBs have until August 2024 to comply with the norm.
March 14, 2024
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