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Allowing corporate ownership in banks would be a political hot potato

The RBI has laid down clear guidelines on bank ownership

November 29, 2021 / 08:53 AM IST
Allowing corporate ownership in banks would be a political hot potato

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A key part of the Reserve Bank of India working group’s recommendations on Indian private sector banks relates to who can start or continue to run a bank – whether the entity is fit and proper. To deliver on this, a monitoring regime will be put in place to ensure that control of a bank does not fall into the hands of an entity which is inappropriate (not fit and proper). For this, reporting requirements may be introduced to...

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