Reciprocal Cross Holdings
A clause in the Reserve Bank of India’s Master Circular on Basel-III Capital Regulations relating to ‘Reciprocal Cross-Holdings in the Capital of Banking, Financial, and Insurance Entities’ may prevent banks from going all out to invest in LIC’s Initial Public Offering (IPO).
- According to the Circular, banks are required to apply a “corresponding deduction approach” to reciprocal cross-holdings in the capital of other banks, financial institutions, and insurance entities.
About Reciprocal Cross Holdings
- It is a situation where one publicly-traded company holds a significant number of shares of another publicly-traded company.
- The shares owned of the second publicly-traded company are referred ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Sundarbans SAIME Model Wins FAO Global Recognition
- 2 New Initiatives to Boost Infrastructure Growth
- 3 Foreign Currency Settlement System for GIFT IFSC
- 4 Angel Funds: SEBI Extends Timeline to Disclose Allocation Methodology
- 5 RBI Grants Exemption to SWAMIH Fund-I
- 6 World Cotton Day 2025
- 7 First State Mining Readiness Index to Boost Mineral Sector Reforms
- 8 Securities Transaction Tax (STT)
- 9 Changes in Per Drop More Crop Scheme: Strengthening Water Conservation and Farmers’ Income
- 10 Ministry of Mines Classifies Limestone as Major Mineral Completely
