FinMin looks at BIC model as RBI raises concern over zero coupon bonds

The report recommended transferring shares of the government in the banks to the BIC which would become the parent holding company of all these banks, as a result of this, all the PSBs would become 'limited' banks. BIC will be autonomous and it will have the power to appoint the board of directors and make other policy decisions about subsidiaries.

from Stocks-Markets-Economic Times https://ift.tt/2XQRx6M