Investments in the equity of a bank by other banks or their group entities - ربی - Reserve Bank of India
Investments in the equity of a bank by other banks or their group entities
RBI/2008-09/209 October 8, 2008 To Dear Sir, Investments in the equity of a bank by other banks or their group entities With reference to the extant instructions in regard to the limit of 5% for cross-holding of capital contained in paragraph 2.1.4(iii) of our master circular DBOD. No. BP. BC. 2 / 21.01.002 / 2008-09 dated July 1, 2008 and the guidelines on acknowledgement of allotment / transfer of shares issued on February 3, 2004, it is clarified as under: Yours faithfully (Murli Radhakrishnan) |