Tuesday, March 04, 2025 | 02:00 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Top headlines: RBI mum on corporates in banks; Niti releases poverty index

Business Standard brings you the top stories on Friday

Crony capitalism has built up slowly in India, emerging as a Frankenstein’s monster a decade and a half after politicians began to unchain the private sector in the early 1990s
Premium

BS Web Team
RBI keeps on hold suggestion to give bank licence to big businesses

The Reserve Bank of India (RBI) has not yet accepted a recommendation to allow industrial houses to float banks in the country and has kept the non-promoter shareholding capped at 10 per cent for individuals or non-financial institutions.

The internal working group, constituted on June 12 last year under the chairmanship of Prasanna Kumar Mohanty, director, central board of RBI, had suggested in its November 20 report that large corporate, or industrial houses should be allowed in banking after necessary amendments to the Banking Regulations Act. Read more

Bihar, Jharkhand,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in