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Indian Government Initiates Stake Reduction in Public Sector Banks and Financial Institutions

By Editor - News Desk
The Indian government has initiated the process of reducing its equity stakes in select public sector banks (PSBs) and listed public financial institutions (PFIs) to comply with the Securities and Exchange Board of India’s (SEBI) Minimum Public Shareholding (MPS) norms. This move aims to bring government ownership in these institutions below 75%, aligning with SEBI
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RBI Proposes Elimination of Pre-Payment Charges on Business Loans for Individuals and MSEs

By BPN News Desk
The Reserve Bank of India (RBI) has proposed the removal of foreclosure charges and pre-payment penalties on all floating rate loans extended to individuals and Micro and Small Enterprises (MSEs), including those taken for business purposes. This initiative aims to promote responsible lending practices and provide greater flexibility to borrowers in managing their debts.

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