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    HomeNewsBusinessEconomyBanking Bill could draw investors to old private banks

    Banking Bill could draw investors to old private banks

    The proposed Banking Amendment Bill, if approved by in the Parliament, could trigger investor interest in some of the old private sector banks, say market participants.

    May 05, 2011 / 13:43 IST

    By Saikat Das

    The proposed Banking Amendment Bill, if approved by in the Parliament, could trigger investor interest in some of the old private sector banks, say market participants. Among other things, the Amendment Bill seeks to remove the restriction on voting rights. Currently, voting rights for a single investor are restricted to 10% of the total, even if that investor owns more than 10% in the bank.

    first published: Mar 22, 2011 07:31 pm

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