Home Economy RBI Committee Suggests Allowing Corporates To Take Major Bank Stakes

RBI Committee Suggests Allowing Corporates To Take Major Bank Stakes

29
0


The Reserve Bank of India’s working group has really helpful that giant industrial homes be allowed to be financial institution promoters, that means they will take important stakes, one thing the central financial institution has strongly objected to previously.

The working group committee, which was shaped in June to assessment possession pointers and the company construction of Indian personal sector banks, launched its report on Friday, November 20.

“Large corporate/industrial houses may be allowed as promoters of banks only after necessary amendments to the Banking Regulation Act, 1949,” the committee recommended.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here