RBI panel: Let business houses set up banks

The RBI committee has also recommended that after 15 years, promoters should be allowed to hold up to 26%, instead of the current cap of 15%, a move that will help the promoters exploit the upside in a bank. Currently, there are at least three private lenders with over 26% promoter holding.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3kSrYuS