Multiple choice

Directions: Choose the correct option for the given question.What is the percentage of RBI's stake in SBI which has been transferred to the government by approving an ordinance to amend SBI Act, 1955?

  1. 75·3%

  2. 63·7%

  3. 59·7%

  4. 51·2%

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The RBI transferred its 59.7% stake in the State Bank of India to the Government of India through an ordinance amending the SBI Act, 1955. This transfer aimed to give the government greater control over SBI and align ownership structure with the bank's expanded role in India's banking sector.