MUMBAI, India, Oct. 1 -- Reserve Bank of India issued the following press release:
The Reserve Bank, vide Press Release dated July 14, 2026, had issued the draft "Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026", seeking comments / feedback from the regulated entities and members of public / other stakeholders on or before August 4, 2026. The draft Amendment Directions proposed to simplify approval process for subsequent acquisitions of major shareholding in a banking company by mutual funds, insurance companies and pension funds.
2. Feedback received on the above draft Amendment Directions has been examined and the consequent modifications have been suitably incorporated in the final ...