Discussion
When did the Government appoint for transfer of stake?
Answer: A
To facilitate an ordinance published for providing the requisite statutory provisions in the State Bank of India Act, 1955, the Government appointed 29 June as the date for transfer of stake. On the same principle, the Government also acquired RBI's shareholding in National Housing Bank (NHB) and NABARD. The Reserve Bank holds a 72.5% stake in NABARD and 100% stake in NHB.
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