Pointers Accepted By RBI Recommended By Internal Working Group: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.The cap on promoters’ stake in a long run of 15 years may be raised from the current levels of 15% to 26% of the paid-up voting equity share capital of the bank. View: Promoters like the Hinduja Group, Housing Development Finance Corporation Ltd. and the Aga Khan Fund will be allowed to increase their stake in IndusInd Bank Ltd., HDFC Bank Ltd. and DCB Bank Ltd., respectively, to 26%, if they so choose to.Non-promoter shareholding cap shall be increased from 10% to 15% for financial institutions/entities but will remain at 10% for non-financial institutions/entities. View: Key shareholders such as Life Insurance Corporation of India, which has 8.37% stake in State Bank of India, for example, will be allowed to increase their stake to 15%, if they so choose to. .Click on the attachment to read the full report:.DISCLAIMERThis 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 author entity 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.

Pointers Accepted By RBI Recommended By Internal Working Group: ICICI Direct

Pointers Accepted By RBI Recommended By Internal Working Group: ICICI Direct

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