..........The finance ministry may consider selling part of its stakes in the State Bank of India and Punjab National Bank in the current financial year. The ministry also wants state-run banks to aggressively sell bad loans to asset reconstruction companies to fall in line with the Basel norms as the North Block has decided to limit its infusion into state-run banks at about Rs 11,000 crore. The government’s current holding in the SBI, the country’s largest lender, is 58.6 per cent. A divestment of 5 per cent will take it down ..........
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