RBI sells entire stake in NHB, Nabard to govt for Rs 1,470 crore

The Reserve Bank has exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), by selling its entire stakes to government for Rs 1,450 crore and Rs 20 crore, respectively, making them fully government-owned now.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XM7VDz