Tag: Private Sector Banks

The RBI accepted the recommendation that no changes be made to the extant instructions related to the initial lock-in requirements of holding a minimum 40 per cent of the paid-up voting equity share capital of the bank for the first five years but said no cap on the promoters holding during the same period.

New Delhi: The Aadhaar number has been linked to 52.95 crore savings accounts in the public sector banks, regional rural banks and private sector banks, Parliament was informed on Friday. “As per reports received from public sector banks, Regional Rural Banks and 13 private sector banks, there are 110.03 crore individual, operative savings bank accounts […]