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RBI restricting banks from raising stakes in insurance firms: Sources

Updated : March 03, 2021 08:55 AM IST

The RBI may have reservations about banks having more than 20 percent stakes in any non-core companies, one of the sources said.
Last year, the RBI had also rejected Axis Bank's application to directly purchase a 17 percent stake in Max Life.
RBI restricting banks from raising stakes in insurance firms: Sources
Published : March 03, 2021 08:48 AM IST

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