Govt to buy RBI stake in NABARD, NHB by June

August 20th, 2007 | RBI

The Finance Minister, P. Chidambaram has said the Government will buy RBI’s stake in NABARD (National Bank for Agriculture and Rural Development), and the NHB (National Housing Bank) by June.The FM plans to bring the Net NPA of State-run banks below 1% in FY08, the report by tv18.

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