Latest Government Committee News & Updates

Government Committee to Review Voting Rights Cap in Indian Banks

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New Delhi, April 22 (IANS) A high‑level government committee on banking for the Viksit Bharat initiative is likely to review the 26 per cent cap on voting rights for private shareholders in Indian banks under the Banking Regulation Act, 1949, a report said on Wednesday.The panel, which has yet to be formally constituted, is expected to review the rule, as the voting restriction has been cited as a hurdle in the privatisation of IDBI Bank, after prospective investors sought greater control alig…