ICICI Prudential Private Banks ETF objective is to provide returns before expenses that closely correspond to the total return of the Nifty Private Bank Index subject to tracking errors

ICICI Prudential Nifty Private Bank ETF

The objective of Tata Nifty Private Bank Exchange Traded Fund is to provide returns before expenses that closely correspond to the total return of the Nifty Private Bank index subject to tracking errors

Tata Nifty Private Bank ETF

SBI ETF Private Bank objective is to provide return that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error

SBI ETF Private Bank

RBI’s decision to clear the air on ownership and control norms for private banks is a good move

Welcome clarity

Bank Holidays in December 2021: According to the Reserve Bank of India (RBI) guidelines, while all banks remain closed on public holidays, regional holidays are restricted to certain states only and decided by respective state governments.

Bank Holidays In December 2021: Public, Private Banks To Remain Closed For 12 Days; Check Details Here

Prior approval is required from the central bank to make an acquisition in any private banks of more than 5 per cent stake.

LIC gets RBI approval to raise stake in Kotak Mahindra Bank

The Reserve Bank of India released the much-awaited modified rules for ownership and corporate structure of private banks in India. While 21 out of 33 recommendations made by the Internal Working Group have been accepted, the most controversial of the lot- relating to corporate ownership of banks- has not been accepted by RBI just yet, and continues to be under examination.


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RBI Announces New Norms For Private Banks | Markets Today | CNBC TV18

The key recommendations include that the cap on promoters’ stake in long run of 15 years will be raised from the current levels of 15 per cent to 26 per cent of the paid-up voting equity share capital of the bank

Private Bank Ownership: RBI Accepts Recommendations to Raise Cap on Promoter Stake to 26% in Private Banks from 15%

The Internal Working Group in November of 2020 made 33 recommendations regarding ownership guidelines and corporate structure for private banks.  The RBI has now accepted 21 out of the 33 recommendations put forth.  One of the key recommendations is to allow Promoters' to increase their stake from 15% to 26% in banks.  Along with this, the RBI has also allowed the non-promoter shareholding cap to be increased and a minimum threshold of experience needed by payment banks to become small finance banks.  Hersh Sayta takes us through the key changes as well as the possible impact for some of the listed companies.
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Changes to Ownership Guidelines and Corporate Structure of private banks by the RBI

The Reserve Bank of India (RBI) allowed promoters of private banks to increase their stake to 26% from 15%. In its new regulations, RBI also said that non-promoter shareholding will be capped at 10% in the case of non-financial institutions and 15% in the case of financial institutions or government entities. Analysts believe the move will result in consolidated control of banks by promoters. Tamal Bandyopadhyay, Author & Senior Journalist, and Siji Philip, Senior Research Analyst, Axis Securities share their views on the new regulations and the beneficiaries of these changes. While, Bandyopadhyay believes that large NBFCs to be under more vigilance than RBI, Philip said that RBI was taking a calibrated approach on NBFCs. Watch.
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RBI Allows Raises Cap On Promoter Stake In Private Banks; Experts Weigh In

RBI accepts 21 out of 33 recommendations from a Working Group on ownership structure for private banks but no decision yet on granting bank licences to large industrial houses. Latha Venkatesh decodes the fine print of the recos with experts. 

#CNBCTV18 #BusinessNews #ShareMarketToday #Nifty #Sensex #RBI

CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise.

For latest news and updates visit our Website: https://bit.ly/2YbpXBM
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Experts Decode New Norms For Private Banks | Newsmaker | CNBC TV18

Former Deputy RBI governor N.S Vishwanatha shares his thoughts on the new norms for private banks. 

#CNBCTV18 #BusinessNews #ShareMarketToday #Nifty #Sensex

CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise.

For latest news and updates visit our Website: https://bit.ly/2YbpXBM
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Former Dy RBI Governor NS Vishwanathan Shares His Views On The New Norms For Private Banks

No cap on promoters stake in private banks for first 5 years, 26% after 15 years: RBI panel

The cap on promoters’ stake for 15 years may be raised from the current levels of 15 per cent to 26 per cent of the paid-up voting equity share capital of the bank, says the central bank.

RBI accepts 21 of 33 recommendations of internal working group on private banks

The NIFTY Private Bank Index is designed to reflect the performance of the banks from private sector.

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ICICI Prudential Nifty Private Bank ETF

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News & Opinions

Welcome clarity

Bank Holidays In December 2021: Public, Private Banks To Remain Closed For 12 Days; Check Details Here

LIC gets RBI approval to raise stake in Kotak Mahindra Bank

News Video

RBI Announces New Norms For Private Banks | Markets Today | CNBC TV18

Private Bank Ownership: RBI Accepts Recommendations to Raise Cap on Promoter Stake to 26% in Private Banks from 15%

News Video

Changes to Ownership Guidelines and Corporate Structure of private banks by the RBI

News Video

RBI Allows Raises Cap On Promoter Stake In Private Banks; Experts Weigh In

News Video

Experts Decode New Norms For Private Banks | Newsmaker | CNBC TV18

News Video

Former Dy RBI Governor NS Vishwanathan Shares His Views On The New Norms For Private Banks

No cap on promoters stake in private banks for first 5 years, 26% after 15 years: RBI panel