Gov­ern­ment to ac­quire Rbi’s stake in Nhb

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The gov­ern­ment will soon ac­quire the stake of Re­serve Bank of In­dia in hous­ing fi­nance reg­u­la­tor Na­tional Hous­ing Bank (NHB), sources said. The stake trans­fer would be cash neu­tral and there would be no cash outgo, sources said. RBI cur­rently holds 100 per cent stake in the NHB. The Fi­nance Bill 2018 has amended to the Na­tional Hous­ing Bank Act, 1987, for trans­fer­ring RBI’S stake in the NHB to the gov­ern­ 2012, the Union Cabi­net had ap­proved the pro­posal for trans­fer of the RBI stake but could not be car­ried forward

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