A working group at the Reserve Bank of India recommended a series of changes, details of which were made public last week, that include allowing industrial houses to act as so-called bank promoters, meaning they could take a major stake in a lender.source https://economictimes.indiatimes.com/industry/banking/finance/banking/sp-sceptical-of-allowing-corporates-into-indian-banking/articleshow/79366811.cms
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