September 25, 2017 / 1:24 PM / a year ago

BRIEF-RBI makes amendments to Master Direction on financial services provided by banks

Sept 25 (Reuters) - Reserve Bank of India:

* Reserve Bank of India decided to make certain amendments to Master Direction dated May 26, 2016

* Says no bank shall hold more than 10 percent in equity of a deposit taking NBFC, provided this does not apply to a housing finance co

* No bank to invest more than 10 percent of unit capital of real estate investment trust/infrastructure investment trust subject to overall ceiling of 20 per cent of its net worth

* No bank to hold more than 20 per cent of the paid up share capital of an investee company engaged in non-financial services

* No bank to hold over 10 pct of paid up capital of co not being its unit engaged in non-financial services or 10 pct of bank’s paid up capital, reserves, whichever is lower

* No bank to make investment in category III alternative investment fund Source text: (

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below