RBI Raises Promoter Stake's Cap In To 26% From 15% In Private Banks

RBI today raised the cap on promoter's stake in private banks, to 26 per cent - in the long run, from the current15 per cent limit, of the paid-up voting equity share capital of the bank.

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RBI today raised the cap on promoter's stake in private banks, to 26 per cent - in the long run, from the current15 per cent limit, of the paid-up voting equity share capital of the bank.