Times of IndiaLean R·
RBI plans to ban private equity firms from holding controlling stakes in multiple NBFCs
The Reserve Bank of India is contemplating a ban on private equity firms holding majority stakes in multiple non-banking financial companies. The planned regulations aim to distinguish between controlling stakes and smaller investments, with the latter facing less scrutiny. Growing foreign investment interest in India's financial sector includes significant deals by major firms such as Blackstone and Temasek.
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