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The Reserve Bank of India (RBI) notified that any person looking to acquire more than 5 per cent stake in a bank will need prior approval from the regulator. After an acquisition, if the shareholding falls below 5 per cent, the person will be required to seek fresh approval from the RBI if the person intends to again raise the aggregate holding to 5 per cent or more. Any person from the Financial Action Task Force (FATF) non-compliant jurisdiction will not be allowed to acquire a major shareholding in a bank. It further announced that the permission of the Reserve Bank to acquire shares or voting rights in a banking company for non-promoter will be limited to 10 per cent in case of individuals, non-financial institutions, and financial institutions connected with large industrial houses. About FATF (Financial Action Task Force) Founded: 1989 Headquarters: Paris, France President: T Raja Kumar
The Government of India is setting up deregulation commissions for:
Which section of the Himalayas extends between the Satluj and Kali rivers?
Which latitude passes through the country India?
The Mahi Bajaj Sagar Dam is located in which state ?
Which among the following matches of islands and their location is incorrect?
Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, a financial benefit of ______ is given to the eligible farmer every year.
Manas Wildlife Sanctuary is in which of the following Indian state?
In which Indian city External Affair Minister Sushma Swaraj inaugurated the Bharat-ASEAN Maitri park?
What is the effect on a ship’s buoyancy when it moves from a river to the sea?
Which financial product was launched by HDFC Bank to cater specifically to India’s gig workers and freelancers?
