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Friday, November 26, 2021

RBI keeps big business houses out of banking

Reserve Bank of India has not accepted a proposal to consider large corporates or industrial houses for a banking licence. It has however allowed promoters of banks to hold up to 26% in their banks, which is a positive for many lenders including Kotak Mahindra Bank, IndusInd Bank, Bandhan Bank and CSB Bank. The new norms allow those who have already diluted stakes to hike their shareholding.

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Adani US indictment: 'US regulator SEC has no jurisdiction to summon a foreign national'

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...