Current Affair!RBI divests entire stake in NHB and NABARD to the central government.Key Highlightsi. Earlier RBI had 100 percent stake in NHB, which was recently divested for Rs 1,450 crores on March 19 this year.ii. RBI has divested its stake in NABARD in two phases. Originally RBI held only 72.5 percent stake in NABARD amounting to Rs 1,450 crore and remaining 27.5 percent stake held by the central government. In October 2010, RBI had divested 71.5 percent stake worth Rs 1,430 crore and remaining 1 percent stake was divested on February 26 this year for Rs 20 crore.

Question

Current Affair!RBI divests entire stake in NHB and NABARD to the central government.Key Highlightsi. Earlier RBI had 100 percent stake in NHB, which was recently divested for Rs 1,450 crores on March 19 this year.ii. RBI has divested its stake in NABARD in two phases. Originally RBI held only 72.5 percent stake in NABARD amounting to Rs 1,450 crore and remaining 27.5 percent stake held by the central government. In October 2010, RBI had divested 71.5 percent stake worth Rs 1,430 crore and remaining 1 percent stake was divested on February 26 this year for Rs 20 crore.

Priya Sharma · Accepted Answer

Current Affair!RBI divests entire stake in NHB and NABARD to the central government.Key Highlightsi. Earlier RBI had 100 percent stake in NHB, which was recently divested for Rs 1,450 crores on March 19 this year.ii. RBI has divested its stake in NABARD in two phases. Originally RBI held only 72.5 percent stake in NABARD amounting to Rs 1,450 crore and remaining 27.5 percent stake held by the central government. In October 2010, RBI had divested 71.5 percent stake worth Rs 1,430 crore and remaining 1 percent stake was divested on February 26 this year for Rs 20 crore.

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