RBI keeps big business houses out of banking

https://ift.tt/3CVPLDr Reserve Bank of India has not accepted a proposal to consider large corporates or industrial houses for a banking licence. It has however allowed promoters of banks to hold up to 26% in their banks, which is a positive for many lenders including Kotak Mahindra Bank, IndusInd Bank, Bandhan Bank and CSB Bank. The new norms allow those who have already diluted stakes to hike their shareholding.

https://ift.tt/eA8V8J from Times of India https://ift.tt/3CVPLDr