State Bank of India

This query is : Resolved 

15 August 2007 RBI transferred all its holding of SBI shares to Govt of India.
What is the fate of SBI now?
Is it a public sector undertaking
a Government Company?
What is fate of its subsidiary banks?
Is there any changes in SBI Act
in this regard? pls explain.....

04 October 2007 It is not possible. Otherwise the entire act should be changed.

08 November 2007 Thats right.

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