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of <h1>RBI Group Recommends Limits on Non-Banking Expansion for Financial Holding Companies to Regulate Transition to Holding Structures.</h1> A Working Group established by the Reserve Bank of India recommended limits on the expansion of non-banking businesses for Financial Holding Companies (FHCs) in India. This initiative aims to regulate the transition of existing bank-dominated financial groups to a holding company structure. The group's report, submitted in May 2011, outlines these proposals and is accessible on the RBI's website. This information was disclosed by the Minister of State for Finance in a written response to a question in the Lok Sabha.
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