Reserve Bank of India (RBI) released new norms for Private Banks.Under the new norms, RBI has accepted the suggestion to increase cap on stake of promoters in banks from 15 percent to 26 percent.However, it is still examining if industrial houses should be allowed to run banks in accordance with the recommendations of an internal working group (IWG).In all, RBI accepted 21 out of 33 recommendations of the IWG.
Internal Working Group (IWG)
RBI’s call on recommendations
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