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RBI’s Nod Mandatory to Buy 5% or More in Banks - (20 Nov 2015)

Reserve Bank of India (RBI) has said that its prior approval will be required for acquisition of shares or voting rights in a private bank for increasing the aggregate holding to 5% or more, as it put in place detailed take purchase norms in banks.

Tags : RESERVE BANK OF INDIA   PRIVATE BANK  

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