Money & Banking

RBI divests entire stake in NHB, NABARD

Our Bureau Mumbai | Updated on April 24, 2019

The RBI has divested its remaining stake in the National Bank for Agriculture and Rural Development (NABARD) and National Housing Bank (NHB) in February and March this year. The government now fully owns these two financial institutions. While the RBI stake-sale of 1 per cent in NABARD in February yielded ₹20 crore, 100 per cent disinvestment in NHB brought in ₹1,450 crore.

Divestment of RBI’s shareholding in NABARD was done in two phases. It originally held 72.5 per cent of equity in NABARD, which amounted to ₹1,450 crore. It sold off 71.5 per cent, amounting to ₹1,430 crore in October 2010, while the residual shareholding was divested on February 26, 2019.

The RBI held 100 per cent shareholding in NHB, which was divested on March 19, 2019.

Published on April 24, 2019

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