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Holding company for PSU banks: FM okays draft Cabinet note

After sounding a stern warning to PSU banks last week, the Finance Minister has taken a major step towards meeting their long-term capital needs. The North Block has approved a draft Cabinet note, which proposes to create a holding company structure for state-run banks.

After sounding a stern warning to PSU banks last week, the Finance Minister has taken a major step towards meeting their long-term capital needs. The North Block has approved a draft Cabinet note, which proposes to create a holding company structure for state-run banks.

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