The Reserve Bank of India announced on Oct 1 that it has eased the approval process for subsequent acquisitions of major shareholding in banks by mutual funds, insurance companies and pension funds.
The revised framework simplifies regulatory steps for these entities when they seek to increase their stake beyond initial thresholds, providing clearer guidelines for follow‑up purchases.
ALSO READ | 56% of Nifty 500 Stocks in Bear Grip as Indian Equities Extend Losing Streak
Officials said the move aims to streamline capital‑market operations while maintaining oversight, though no further details were disclosed.
