A Working Group (WG) was constituted by Reserve Bank of India (RBI) on introduction of Financial Holding Company (FHCs) structure in India in June 2010. WG has submitted its report in May 2011. The WG has proposed to put in place some limit on the expansion of non-banking business of Banking FHCs after the existing financial groups dominated by the banks migrate to holding company structure (i.e. Banking FHCs). Report of WG is available on RBI’s website www.rbi.org.in.
Limits on Holding Company Expansion
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