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RBI’s new norms for Private banks
December 1 , 2021
993 days
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- Under the new norms, RBI has accepted the suggestion to increase the cap on the 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.
- IWG is headed by the director of the central board of the RBI, Prasanna Kumar Mohanty.
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