Sun, Nov 25, 2018
The RBI had earlier asked promoters of Kotak Mahindra Bank to bring down their stake to 20 per cent by December 2018 and 15 per cent by March 2020 in line with the guidelines for new bank licenses released four years ago.
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Mon, Aug 01, 2016
Reserve Bank of India on Monday released guidelines for ‘on tap’ licensing of Universal Banks in the Private Sector. The guidelines state that minimum capital requirement for opening a bank is Rs 5 billion with a minimum of 10 years’ experience in banking and finance at a senior level.
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