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RBI allows one-time approval for subsequent bank share acquisitions by funds

2 sources · first seen 17:30 1 Oct · updated 22:00 1 Oct

The brief

Written from 2 reports · check the source before you trade
  • Mutual funds, insurers and pension funds can use one-time approval for subsequent acquisitions
  • Simpler approvals may ease institutional investment in Indian banks

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Read the reports

2 reports · earliest 17:30
RBIRBI issues Amendment Directions on ‘Simplified approval process for subsequent acquisitions of major shareholding in a banking company by mutual funds, insurance companies and pension funds’17:30MintRBI eases approval process for bank share acquisitions by MFs, insurers, pension funds22:00