that were given to the brainstorming group for consideration on a number of issues included eligibility criteria for the application of bank licenses either individually or for units. In addition, the rules for long-term shareholding in banks were also reviewed by promoters and other shareholders.
Approval from the central bank of the necessary
meantime Committee has recommended to maintain the promoter banks large companies / corporations. If the committee’s recommendation is approved by the RBI, then big businessmen of the country will also be able to open their own bank.