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Finmin nudges PSBs to monetise subsidiaries
Hindustan Times Jammu
|June 30, 2025
The finance ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good returns.
NEW DELHI:
There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term, people familiar with the matter said.
Wherever required, banks should invest funds to scale up operations of their subsidiaries or joint ventures, sources said, adding, banks can look at unlocking value at an opportune time.
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