Quoting unnamed RBI officials, a media report earlier this week said the monetary authority is not comfortable with banks owning controlling stake in non-core businesses like insurance ventures which are capital guzzlers and wants banks to cap ownership in insurance arms/ companies at a maximum of 20 per cent.source https://economictimes.indiatimes.com/industry/banking/finance/banking/icici-hdfc-sbi-will-have-to-offload-rs-1-2-lakh-cr-if-rbi-caps-stake-in-insurance-arms-report/articleshow/81332755.cms
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