Private Bank Ownership: RBI Accepts Recommendations to Raise Cap on Promoter Stake to 26% in Private …

private bank ownership rbi accepts recommendations to raise cap on promoter stake to 26 in private banks from 15

Sumary of Private Bank Ownership: RBI Accepts Recommendations to Raise Cap on Promoter Stake to 26% in Private Banks from 15%:

  • The Reserve Bank of India on Friday said that it has accepted 21 out of the 33 recommendations of the Internal Working Group set up to review the extant guidelines on ownership and corporate structure for Indian private sector banks.

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