Business Studies

According to Banking Companies Amendment Act 1994, the Government's share in the paid up capital of public sector banks has been reduced to _____.


ANSWER

51 per cent


SOLUTION
According to Banking Companies Amendment Act 1994, the Government's share in the paid up capital of public sector banks has been reduced to 51%. This means, public sector should minimum hold the government's 51% share. For example: State Bank of India.
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Single Correct Medium Published on 18th 08, 2020
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