Wednesday, 2 December, 2020
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RBI Committee Suggests Allowing Corporates To Take Bank Stakes

The Reserve Financial institution of India’s working group has really helpful that enormous 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 fashioned in June to overview possession tips and the company construction of Indian personal sector banks, launched its report on Friday, November 20.

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“Giant company/industrial homes could also be allowed as promoters of banks solely after needed amendments to the Banking Regulation Act, 1949,” the committee instructed.

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