GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Wholly with Government of India
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Jointly with Government of India and State Bank of India
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Jointly with Government of India and Reserve Bank of India
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Jointly with Government of India and share-holders from the public
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Detailed explanation-1: -Ownership of PSUs Rests with GoI and Public Shareholders.
Detailed explanation-2: -Public Sector Banks (PSBs) are those banks where the government holds more than 50% ownership. Further, the government regulates the financial guidelines, because of government ownership, most depositors believe that their money is more secured in public sector banks.
Detailed explanation-3: -The lender, too, had announced plans of raising Rs 2, 500 crore by selling equity shares in April 2022 to bring the government shareholding to equal to or below 75 percent. Central Bank of India: The government currently holds 93.08 percent stake in the Central Bank of India.
Detailed explanation-4: -First, in order to impart liquidity to money market instruments and help the development of secondary market in such instruments, the Discount and Finance House of India (DFHI) was set up as a money market institution jointly by the Reserve Bank of India, public sector banks and financial institutions in 1988.