Reserve Bank of India plans rival for NPCI

The proposed entity, unlike NPCI, can be a for-profit entity as well with diversified shareholding with no single promoter allowed to hold more than 40% investment at the time of the application with stipulation reduce it to 25% within five years of operation, as per the final framework released by the central bank on Tuesday.

from Stocks-Markets-Economic Times https://ift.tt/2CDAcqM

Related Posts:

0 Comments:

Post a Comment