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RBI roadmap for banks' holding structure soon

Press Trust Of India  |  Mumbai 

The Reserve Bank of India (RBI) is likely to bring out a roadmap to introduce a holding company structure for banks soon. This will help conglomerates in the sector to generate funds for subsidiaries.

An RBI working group, headed by Deputy Governor Shyamala Gopinath, has almost finalised a discussion paper on this and it would be out for public comments soon, sources said. The holding company would be regulated by RBI and all banking entities, both the new and the old, will follow the holding structure model once the central bank introduces it. After RBI’s last annual policy review, it constituted a working group headed by Gopinath to recommend a roadmap for the introduction of a holding company structure, together with the required legislative amendment or framework.

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First Published: Tue, April 05 2011. 00:32 IST