5 December 2022


News

RBI’s Nod Mandatory to Buy 5% or More in Banks - 20.11.2015

Reserve Bank of India (RBI) has said that its prior approval will be required for acquisition of shares or voting rights in a private bank for increasing the aggregate holding to 5% or more, as it put in place detailed take purchase norms in banks.

Tags : Reserve Bank of India private bank

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