Government may launch exchange traded fund of PSU bank stocks next fiscal
The government has set a disinvestment target of Rs 90,000 crore for 2019-20, up from Rs 80,000 crore in 2018-19. So far this fiscal, the government has raised Rs 53,558 crore from CPSE stake sale and share buyback.
"Individual bank scrips may not be attractive for investors at the moment but bunching of banking stocks through ETFs might see investor demand pick up," he said. PTI