The government is planning to table four financial sector bills in the winter session of Parliament Bill which begins November 19. The four bills are -PFRDA Bill, SBI Amendment Bill, State Bank of Saurashtra Repeal Bill and State Bank of India Subsidiary, official sources said.

The PFDRA Bill aims to give statutory powers to the pension regulator and open up the sector to foreign investments. The bill was initially introduced in 2005 but met with stiff opposition from the left parties and could not be passed. The other bill to be tabled is the State Bank of India (amendment) Bill that proposes to bring government holding at par with the nationalized bank that is currently 51 per cent. As per the SBI Act, the promoter, that is the government, holding cannot come below 55 per cent. Currently, the government holds 59.73 per cent stake in SBI.

Besides, SBI (Subsidiary Banks Laws) Amendment Bill is expected to be tabled in the Parliament. The Bill proposes to empower government to fix the authorized or issued capital of a subsidiary of the SBI.