Master Direction – Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023 (dated- 16.01.2023) – RBI

  • 18th, January 2023
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Master Direction – Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023 (dated- 16.01.2023) – RBI

  •  Reserve Bank of India, vide a notification issued Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023 including the provisions relating to procedures of making acquisitions, shareholding and voting rights of a person in a banking company. And to ensure that their ultimate ownership and control remain well diversified and the major shareholders are “fit and proper ‘on a continuous basis. Please refer to the notification for more details.
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