RBI PANEL RECOMMENDS TO RAISE PROMOTERS CAP TO 26% IN PRIVATE BANKS

© India Today Group RBI panel recommends to raise promoters cap to 26% in private banks A Reserve Bank of India (RBI) panel has recommended raising the cap on promoter shareholding in private sector banks to 26 per cent of the paid up equity after 15 years of operation. The panel has also proposed that large corporates may be permitted to promote banks after necessary amendments to the B...