RBI panel's suggestion 'rightfully' puts greater onus on promoters: Hinduja
Applauding the recommendation of the RBI to increase the shareholding of bank`s promoters in the bank, Ashok Hinduja, Chairman of the Hinduja Group of Companies (India), said that the report rightfully puts a greater onus on the promoter-shareholders to exercise oversight through a higher shareholding limit
"It helps strengthen the institutional framework by ensuring the promoter responsibility with more skin in the game, supervisory stance for large conglomerates." Source: Reuters