अब आप न्यूज्ड हिंदी में पढ़ सकते हैं। यहाँ क्लिक करें
cyfy
Home » IANS » Cabinet nod for Rs 1,450 cr to purchase RBI stake in National Housing Bank

Cabinet nod for Rs 1,450 cr to purchase RBI stake in National Housing Bank

By IANS
Published on :

New Delhi, Feb 28 (IANS) The Union Cabinet on Thursday approved an expenditure of Rs 1,450 crore for purchase of the Reserve Bank of India-held shares in the National Housing Bank (NHB), Finance Minister Arun Jaitley announced following a Cabinet meeting here.

The RBI currently holds 100 per cent stake in the NHB.

The National Housing Bank Act, 1987, had been amended by the Finance Bill 2018 in order to transfer the RBI’s stake in the NHB to the government.

–IANS

bc/vd

(This story has not been edited by Newsd staff and is auto-generated from a syndicated feed.)
(For more latest news and updates Like us on Facebook, Follow us on Twitter. Download our mobile app )

Latests Posts