Limits on Holding Company Expansion.

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..... Limits on Holding Company Expansion. - News and Press Release Dated:- 30-3-2012 - News - Press Information Bureau Government of India Ministry of Finance 30-March-2012 17:27 IST Lim .....

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..... its on Holding Company Expansion A Working Group (WG) was constituted by Reserve Bank of India (RBI) on introduction of Financial Holding Company (FHCs) structure in India in June 2010. WG has subm .....

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..... itted its report in May 2011. The WG has proposed to put in place some limit on the expansion of non-banking business of Banking FHCs after the existing financial groups dominated by the banks migrate .....

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..... to holding company structure (i.e. Banking FHCs). Report of WG is available on RBI s website www.rbi.org.in. This information was given by the Minister of State for Finance, Shri Namo Narain Meena .....

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..... in written reply to a question in the Lok Sabha today. SS/SL - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMIT .....

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..... ax .....

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