Reserve Bank of India had formed an Internal Working Group (IWG) in June 2020, to review the extant guidelines on ownership and corporate structure for Indian private sector banks. The IWG had 5 members with Shrimohan Yadav as the convenor. The Internal Working Group (IWG) had made 33 recommendations to RBI. Now RBI has accepted 21 recommendations out of these 33.
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Some important points from these recommendations are given below:
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