Big businessmen of the country will also be able to open their own bank, the suggestion of RBI committee

If all is well with the recommendation of the Reserve Bank’s committee, then in the coming times, even big businessmen of the country can become promoters of a private bank. Actually, a committee of Reserve Bank has said that big companies or industrial houses can be allowed to become promoters of banks. 

Consideration of increasing promoters ‘stake The
Reserve Bank of India (RBI) committee has also said that promoters’ stake in private banks can be increased from the present 15 percent to 26 percent. Let me tell you here that this committee was formed by the Reserve Bank. 

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