The RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shareholding up to 10% without repeated regulatory clearance. The move aims to simplify compliance for significant institutional investors, with public comments invited until August 4, 2026.
The RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shareholding up to 10% without repeated regulatory clearance. The move aims to simplify compliance for significant institutional investors, with public comments invited until August 4, 2026.
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The Reserve Bank of India on Tuesday proposed allowing mutual funds, insurance companies and pension funds to retain a standing approval to acquire higher stakes in the same bank without seeking fresh regulatory clearance each time their holdings fall below the 5% threshold.The move is aimed at easing the regulatory compliance for large institutional investors already having significant holding in a bank. Significant investor is the one which has at any point of time a minimum 5% holding.The on…
