The Reserve Bank of India (RBI) allowed promoters of private banks to increase their stake to 26% from 15%. In its new regulations, RBI also said that non-promoter shareholding will be capped at 10% in the case of non-financial institutions and 15% in the case of financial institutions or government entities. Analysts believe the move will result in consolidated control of banks by promoters. Tamal Bandyopadhyay, Author & Senior Journalist, and Siji Philip, Senior Research Analyst, Axis Securities share their views on the new regulations and the beneficiaries of these changes. While, Bandyopadhyay believes that large NBFCs to be under more vigilance than RBI, Philip said that RBI was taking a calibrated approach on NBFCs. Watch.
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