Banking Services Expansion: RBI puts out draft norms for ‘on tap’ licensing of SFBs

he promoter stake will have to be brought down to a maximum of 30% of the paid-up voting equity capital within 10 years, and to a maximum of 15% within 15 years from the date of commencement of business.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LvEEJR