RBI may raise promoter holding cap in private banks

RBI may raise promoter holding cap in private banks

Mumbai: The Reserve Bank of India (RBI) is looking to raise the 15% ceiling on promoter shareholding in private sector lenders as part of new rules that are being drawn up, said people with knowledge of the matter. Voting rights will however be capped at 15-20%, they said. The move to balance ownership and control […]