IIHL welcomes RBI’s move to increase promoter stake to 26%

 

The RBI had a cap of 15% on the stake that a promoter could hold in a private bank. In Nov 2021, the RBI came out with revised guidelines on private sector banks, allowing for 26% promoter ownership. This ruling was welcomed by Ashok Hinduja, Chairman of IIHL, seeing it as beneficial for stakeholders and a way to align with the growth of the Indian economy.

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The Economic Times

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