Multiple choice

The Government of India has bought RBI' s entire stake in the State Bank of India in about Rs. 35,531 crores. What is the share of the RBI in total stake of the State Bank? About

  1. 40%

  2. 48%

  3. 50%

  4. 52%

  5. 60%

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

The Government of India acquired the Reserve Bank of India's stake in the State Bank of India to ensure the central bank remained independent of commercial banking operations. This stake represented approximately 60 percent of the total shareholding.