<h1>Government to Sell Shares in Public Sector Banks to Raise Capital, Ensure Citizen Participation, Maintain Majority Ownership.</h1> The government plans to raise capital for public sector banks by selling shares to the public, primarily through retail channels, allowing citizens to acquire direct shareholdings while maintaining government majority ownership. The Finance Minister announced the need to infuse Rs. 2,40,000 crores as equity into these banks by 2018. To meet this requirement, additional resources will be sourced through share sales. The government will also consider granting banks more autonomy while ensuring their accountability.