The cap on promoters' stake in private banks has been proposed to be raised to 26 per cent from 15 per cent over a period of 15 years. For non-promoter shareholding, a uniform cap of 15 per cent has been proposed – up from 10 per cent. Promoters can choose to bring down the holding to even below 26 per cent at any time after a lock-in period of five years. And, intermediate sub-targets between 5 and 15 years may not be required, but at the time of issuing licences, promoters may submit a dilution schedule to the Reserve Bank