ICICI, HDFC, SBI will have to offload Rs 1.2 lakh crore if RBI caps stake in insurance arms: Report
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Quoting unnamed RBI officials, a media report earlier this week said the monetary authority is not comfortable with banks owning controlling stake in non-core businesses like insurance ventures which are capital guzzlers and wants banks to cap ownership in inICICI, HDFC, SBI will have to offload Rs 1.2 lakh crore if RBI caps stake in insurance arms: Report
Quoting unnamed RBI officials, a media report earlier this week said the monetary authority is not comfortable with banks owning controlling stake in non-core businesses like insurance ventures which are capital guzzlers and wants banks to cap ownership in insurance arms/ companies at a maximum of 20 percent. Read more