scorecardresearchRBI unlikely to relax stake-dilution timeline for new buyer of IDBI Bank: Report

RBI unlikely to relax stake-dilution timeline for new buyer of IDBI Bank: Report

Updated: 13 Jun 2022, 10:18 AM IST
TL;DR.
Govt intermediaries sought exemptions in IDBI bank sale under RBI rules, which require promoters' shareholding to be reduced by 26 percent post acquisition in 15 years
The RBI, in November 2021, accepting several recommendations of an internal working group had said it was still examining one of the suggestions of the group on whether industrial houses be allowed to run banks. Photo: HT

The RBI, in November 2021, accepting several recommendations of an internal working group had said it was still examining one of the suggestions of the group on whether industrial houses be allowed to run banks. Photo: HT