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

The key recommendations include that the cap on promoters’ stake in long run of 15 years will be raised from the current levels of 15 per cent to 26 per cent of the paid-up voting equity share capital of the bank

from Top Business News- News18.com https://ift.tt/3nS0vhF