INDUSTRY GROUPS UNLIKELY TO GET BANKING LICENSES
Current RBI norms give primacy to diversified ownership in private banks. They stipulate a 10% cap
on shareholding on an individual or group of related entities. This rule may act as dampener for some
business house. The government has told the RBI that the norms for approval of new banking licenses could be based mainly on the existing policy framework for ownership of Private Banks, smothering the hopes of large local business house keen on promoting and running banks.
on shareholding on an individual or group of related entities. This rule may act as dampener for some
business house. The government has told the RBI that the norms for approval of new banking licenses could be based mainly on the existing policy framework for ownership of Private Banks, smothering the hopes of large local business house keen on promoting and running banks.
0 comments:
Post a Comment