The Government of India is continuously decreasing its stake in India’s Largest Public Sector Bank – State Bank of India (SBI). In December 2023, the stake of government was 57.49% in SBI. In September 2926, the stake of government in SBI has decreased to 55.45%.
It might seem that government has sold only around 2% stake in SBI but the stake has fallen to around 55%. The Government must maintain 51% stake in SBI to keep under the classification of Public Sector Banks.
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The value of Government stake in SBI is around Rs 492,509.61 crore. Selling only 2% stake in SBI fetches a lot more value than selling some other PSUs entirely. The stake of government in SBI over years is as given below. In below tables, Promoters means the Government of India.
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