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RBI Eases Bank Investment Rules For Mutual Funds, Allows One-Time Approval For Institutional Stake Up To 10%

RBI Eases Bank Investment Rules For Mutual Funds, Allows One-Time Approval For Institutional Stake Up To 10%
Photo: Free Press Journal · view original

The Reserve Bank of India (RBI) has simplified the framework governing investments by institutional investors in banks, allowing eligible entities to obtain one-time approval for subsequent share purchases that take their aggregate holding up to 10%. The central bank issued the Acquisition and Ho...

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