Discussion
According to which guidelines did the Government pick up the entire SBI shares held by the RBI?
Answer: D
Correct answer: Securities and Exchange Board of India (SEBI)
The Government acquired the Reserve Bank's entire holding in the State Bank of India in 2007, and the price was determined according to SEBI's guidelines for such transfers.
The reason for the transaction was the conflict inherent in the RBI both regulating SBI and owning a controlling stake in it - the same reasoning that moved its holdings in NABARD and the National Housing Bank to the Government afterwards. SEBI's involvement was in valuation, that being its province as securities regulator, not in the policy decision itself.
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