RBI sets up panel to review corporate structure of private sector banks

The Reserve Bank of India (RBI) on Friday said it has constituted an internal working group to review the guidelines on the ownership and corporate structure for private sector banks.  

“The review would provide an opportunity to harmonise the norms applicable to banks set up at different time periods, irrespective of their date of commencement of business,” the central bank said in a statement. 

The RBI said it was doing so to align regulations to meet the requirements of a dynamic banking landscape, which is changing continuously because of macroeconomic, financial market, and technological developments.