RBI’s Internal Working Group Report

  • On 20th November, 2020, the Reserve Bank of India (RBI) released the report of the Internal Working Group (IWG).
  • IWG was constituted by the RBI to review extant ownership guidelines and corporate structure for Indian private sector banks.
  • The Terms of Reference of the IWG inter alia included review of the eligibility criteria for individuals/ entities to apply for banking license; examination of preferred corporate structure for banks and harmonisation of norms in this regard; and review of norms for long-term shareholding in banks by the promoters and other shareholders.

Need for IWG Constitution

  • Even after three decades of rapid growth, ....
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