The working group in its proposal has also favourably looked at allowing industrial houses as bank promoters only after making legislative changes to the banking regulation act. It has also recommended increasing cap on non-promoter holding to 15% so as to bring a uniformity among all types of shareholders.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-internal-working-group-recommends-promoters-to-hold-higher-stake-in-private-banks/articleshow/79321379.cms
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