ICICI Securities: Abizer Diwanji’s Views On RBI’s Internal Working Group Report
The Reserve Bank of India (RBI) sign is displayed inside central bank’s headquarters in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: Abizer Diwanji’s Views On RBI’s Internal Working Group Report

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ICICI Securities Report

We organised an expert call with Mr. Abizer Diwanji, Partner and National Leader – Financial Services — Ernst & Young and Ms. Hasina Chhil, E&Y to discuss the Reserve Bank of India’s Internal Working Group Committee report on ownership guidelines and corporate structure for private banks.

They articulated their view that the report is path-breaking on several aspects -

1. it indicates a fundamental rethink on regulatory stance and a shift away from the traditional thought process on many fronts;

2. large corporates with a well-run financial service business over a decade should not be hindered from building a scalable banking platform just due to the absence of a consolidated supervisory framework.

Click on the attachment to read the full report:

ICICI Securities BFSI Expert Call Abizer Diwanji Key Takeaways .pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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