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RBI releases recommendations of IWG on ownership guidelines for pvt banks
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RBI keeps on hold suggestion to give bank licence to big businesses

The RBI has so far issued eight bank licensing guidelines to harmonise the rules and regulations

Topics
RBI | bank licence | payments banks

Anup Roy  |  Mumbai 



RBI, Reserve Bank of India
No need to fix any cap on promoters' holding in initial five years, post which it has to be 40%, recommends RBI panel on corporate structure of private banks

The Reserve Bank of India (RBI) on Friday said it was still examining if industrial houses should be allowed to run banks as recommended by an internal working group (IWG), but accepted its suggestion to increase the cap on promoters’ stake in banks to 26 per cent from the current 15 per cent.

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First Published: Fri, November 26 2021. 16:20 IST

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