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Govt asks PSB chiefs to work harder, faster to list subsidiaries
The Free Press Journal - Indore
|October 18, 2025
‘Unlock value for shareholders, improve governance’
Department of Financial Services Secretary M Nagaraju on Friday exhorted heads of state-run banks to “work harder and faster" to list subsidiaries on the bourses.
Speaking at the listing ceremony of Canara HSBC Life Insurance Company here, Nagaraju said there are over 100 entities and subsidiaries which come under the department headed by him, and listed out the advantages of an IPO.
A listing helps unlock value for the shareholders, and also ups the corporate governance standards at companies as they come under the glare of regulations and investors, he said.
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The Free Press Journal - Indore
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