BANKING AFFAIRS

Detailed explanation-1: -The Indian government holds just a 57.6% stake in the country’s largest lender State Bank of India (SBI), and the highest 98.25% stake in Punjab & Sind Bank as of March 2022, the Rajya Sabha was informed. Ten years ago, the government’s stake in SBI was 61.58%, which has come down to 57.59% as of March 2022.

Detailed explanation-2: -The Union government holds 57.5 percent stake in the country’s largest lender State Bank of India (SBI). This is the lowest stake the government holds in any PSU banks. Bank of Baroda: The government owns 63.97 percent of the total paid-up equity of Bank of Baroda.

Detailed explanation-3: -Public Sector Bank is the bank owned by the Government or in which the Government is the major shareholder (of more than 51% in the bank).

Detailed explanation-4: -SBI is the largest public sector bank in India and Asia and one of the largest in the world.

Detailed explanation-5: -The largest shareholder (in percentage shareholding) of a nationalized bank is ‘Government of India’. Q. A is allocated as a fixed amount per share, with shareholders receiving a dividend in proportion to their shareholding.