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The committee, led by PK Mohanty, recommended raising the cap on promoter shareholding in private sector banks to what per cent of the paid up equity after 15 years of operation?
  • a)
    15% 
  • b)
    22% 
  • c)
    30% 
  • d)
    26%
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The committee, led by PK Mohanty, recommended raising the cap on promo...
A Reserve Bank of India (RBI) panel has recommended raising the cap on promoter shareholding in private sector banks to 26 per cent of the paid up equity after 15 years of operation from 15 per cent.
The committee, led by PK Mohanty, has also proposed converting of payments banks into a small finance bank. For this, the track record of 3 years of experience as payments bank may be considered as sufficient.
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Most Upvoted Answer
The committee, led by PK Mohanty, recommended raising the cap on promo...
A Reserve Bank of India (RBI) panel has recommended raising the cap on promoter shareholding in private sector banks to 26 per cent of the paid up equity after 15 years of operation from 15 per cent.
The committee, led by PK Mohanty, has also proposed converting of payments banks into a small finance bank. For this, the track record of 3 years of experience as payments bank may be considered as sufficient.
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The committee, led by PK Mohanty, recommended raising the cap on promoter shareholding in private sector banks to what per cent of the paid up equity after 15 years of operation?a)15%b)22%c)30%d)26%Correct answer is option 'D'. Can you explain this answer?
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