The central bank noted that changing financial market landscape arose a need to relook at these regulations since the broad policy relating to ownership and control in private lenders has been guided by the framework issued way back in February 2005.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-constitutes-working-group-to-review-private-bank-shareholding-norms/articleshow/76343724.cms
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