RBI INSISTS ON INCREASING PRIVATE BANK PROMOTER CAP

BE/RBI/66/20

The country’s apex bank Reserve Bank of India’s working group has recommended for raising the cap on promoters’ stake in Private Sector banks to 26% in the long run say over a period of 15 years.   It adds that it should be mandatory in the case where individual promoters, promoting entities or converting entities have other group entities.