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Policy▲ Bullish for Indian equities
RBI eases bank stake rules, allows one-time approval for MFs, insurers for holdings up to 10%
The brief
- Eligible mutual funds and insurers can get one-time approval for bank holdings up to 10%
- Simpler stake approvals may support Indian banks’ access to long-term institutional investors
- Noel Tata hopes RBI will find common ground on restructuring to avoid Tata Sons listing
- New rules from October 1 cover SBI ATM charges, UPI fees and LPG subsidy verification
- FD interest rate rules to change from October 1: Key changes explained
- Supreme Court refuses to stay UPI charges above ₹2,000; seeks Centre’s explanation
- RBI bulk deposit rules take effect October 1, requiring uniform rates for similar deposits