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HomeNewsOpinionA curious anomaly in the RBI report on ownership of banks by corporate houses

A curious anomaly in the RBI report on ownership of banks by corporate houses

Moneycontrol Opinion   •

'All the experts except one were of the opinion that large corporate/industrial houses should not be allowed to promote a bank'; Recommendation: 'Large corporate/industrial houses may be allowed as promoters of banks only after necessary amendments to the Banking Regulations Act, 1949...'

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