Wednesday, July 11, 2012

Banking aspirants want to do away with holding co norm

.... The Reserve Bank Tuesday said many corporates interested in entering banking have called for doing away with the requirement of promoters wholly owning the proposed non-operative holding company (NOHC).  "Doing so will diversify the shareholding structure of the NOHC and will improve corporate governance and avoid regulatory overlap," the RBI said in a release attributing the view to business houses, NBFCs and a federation.........

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