Claim: Former President Ram Nath Kovind holds a 57.63% stake in the State Bank of India.
Fact-check: Former President Ram Nath Kovind does not hold any stake in the State Bank of India - FACTLY
Verdict: sbi is a public sector banking and finance company in which the majority stakes are held by the government of india. as the shares in a government company cannot be registered in the name of a public office which is not a corporation sole as understood in law, the acquisition or holding of shares in government companies will be held in the name of the president of india or governor of a state. the government of india's present stake in sbi is 56.92%. ram nath kovind does not own this government's stake in sbi. hence, the claim made in the post is misleading.
Organisation: FACTLY
Author: Dilip Kumar Sripada
Date published: 2022-07-27T13:45:32