Key Points:
RBI given powers to have control over board of directors.
RBI can issue more licenses to banks.
It can ask for security deposit if someone buys 5% shares of a bank.
It can look into mutual funds and internal books of banks.
Mergers and acquisitions should be done only on the approval of RBI.
The money from unclaimed accounts should be transferred to an depositor education and awareness fund.
More voting rights for investors.
Stamp duty exemption.
More investment required by public sector banks.
RBI given powers to have control over board of directors.
RBI can issue more licenses to banks.
It can ask for security deposit if someone buys 5% shares of a bank.
It can look into mutual funds and internal books of banks.
Mergers and acquisitions should be done only on the approval of RBI.
The money from unclaimed accounts should be transferred to an depositor education and awareness fund.
More voting rights for investors.
Stamp duty exemption.
More investment required by public sector banks.
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