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RBI Clears Way for Mergers and Acquisitions in Banking Industry - (20 Nov 2015)

Reserve Bank of India (RBI) has said that it permit promoters/investors to own more than 10% if applicant meets certain conditions including if `it is in public interest' and in `desirability of diversified ownership.’, thereby opened doors for mergers and acquisitions in banking industry.

Tags : RESERVE BANK OF INDIA   MERGERS AND ACQUISITIONS IN BANKING INDUSTRY  

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