Thursday, 18 December 2014

Govt decision to reduce stake in public sector banks is credit positive: Moody's

Global rating agency Moody's reportedly said the government's decision to reduce stake in public sector banks to 52% is credit positive.
Earlier Union cabinet gave its nod to bring down government holding in state-owned banks.
The decision to reduce the stake will help under-capitalised state-owned banks, the rating agency added.

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