Govt to lower stake in PSU banks to 51%: Jaitley
The government will soon lower its stake in state-owned banks to 51%, Finance Minister Arun Jaitley said on Sunday. Notably, this comes after public sector banks posted their highest-ever quarterly loss of over ₹12,867 crore for the last quarter. Further, the government is also committed to bringing down the direct corporate taxes over the next four years, he added.