Raising bank stakes gets easier for DIIs
The Reserve Bank of India has proposed changes to bank shareholding norms. These amendments aim to ease investment by domestic institutional investors. Governance rules will also be revised for bank boards to focus on strategy. The central bank seeks to refine acquisition norms for portfolio managers and clients. Qualifying persons like mutual funds will receive a one-time approval mechanism.
The Reserve Bank of India has proposed changes to bank shareholding norms. These amendments aim to ease investment by domestic institutional investors. Governance rules will also be revised for bank boards to focus on strategy. The central bank seeks to refine acquisition norms for portfolio managers and clients. Qualifying persons like mutual funds will receive a one-time approval mechanism.
