The government is likely to start selling its stake in public sector banks (PSBs) in November. It is also expected State Bank of India (SBI), India’s largest lender, will tap the markets this year.Financial Services Secretary G S Sandhu on Thursday said the government would seek a Cabinet nod for stake dilution in PSBs, adding the sale would be in tranches, based on banks’ requirement of funds. “It will be a combination of follow-on public offer (FPO) and, in some cases, it will be through qualified institutional placement.

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