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State Bank of India

This query is : Resolved 
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(Querist)
15 August 2007 RBI transferred all its holding of SBI shares to Govt of India.
What is the fate of SBI now?
Is it a public sector undertaking
or
a Government Company?
What is fate of its subsidiary banks?
Is there any changes in SBI Act
in this regard? pls explain.....
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Ravikumar.G

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Ravikumar.G (Expert)
04 October 2007 It is not possible. Otherwise the entire act should be changed.
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KAAPIL

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KAAPIL (Expert)
08 November 2007 Thats right.
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