rbi new rule

The Reserve Bank of India had earlier issued revised rules for the issue and closure of credit and debit cards, as well as rules for billing and directions for issuing agencies. These apply to scheduled banks (barring payments banks, state…

The Reserve Bank of India has recently issued a notification saying that promoters can own up to 26 per cent shares in a bank, up from the previous rule of holding only 15 per cent of the stake. In a recent panel meet last week, the central…