MUMBAI, India, Oct. 1 -- Reserve Bank of India issued the following notification:
RBI/2026-27/277
DOR.HOL.REC.No.237/16.13.100/2026-27
October 1, 2026
Reserve Bank of India (Payments Banks - Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026
The Reserve Bank had issued the Reserve Bank of India (Payments Banks - Acquisition and Holding of Shares or Voting Rights) Directions, 2025 (hereinafter referred as the 'Master Direction'), on November 28, 2025, which mandates that any person seeking to make an initial acquisition of major shareholding in a banking company shall obtain prior approval of the Reserve Bank. Further, where such person's aggregate shareholding, after the initial acquisition of major sharehol...