RBI panel backs PE to buy up to 40% of distressed Indian banks
A panel appointed by the Reserve Bank of India (RBI) to review banking industry governance has recommended that private equity firms, including sovereign wealth funds, be allowed to buy up to 40% of distressed lenders.
The report arose from concerns about the fragile state of the country's banks given the rapid rise in the proportion of stressed assets. According to the reviewing panel, additional capital is required...
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