Wednesday, May 30, 2012

Shake-up in banks’ shareholding?

............The Bill will also give RBI the power to supersede the board of a bank for up to an year and to call for information from banks’ associate companies. These are truly significant changes in that they create the enabling conditions for the banking regulator to take bank ownership and governance to another level, primarily for private sector banks. However, these are necessary but not sufficient conditions. The sufficient conditions can be created through further ......

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