https://www.taxtmi.com/news?id=14038 Reforms targeted structural liberalisation and regulatory strengthening across banking, insurance and financial markets to expand access to capital, broaden participation, and improve supervision. Banking measures allowed dilution of government shareholdings to raise capital, approvals for new private banks, and guidelines for payments banks; the central bank issued prompt action guidance, tightened asset reconstruction investment norms, and allowed flexibility in project lending. Insurance reforms amended laws to empower the regulator and raised the foreign equity cap, while governance improvements and foreign portfolio investor mechanisms were introduced to deepen markets and promote financial inclusion. en-us Fri, 27 Feb 2015 12:28:43 +0530 Fri, 27 Feb 2015 12:28:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14038 Reforms targeted structural liberalisation and regulatory strengthening across banking, insurance and financial markets to expand access to capital, broaden participation, and improve supervision. Banking measures allowed dilution of government shareholdings to raise capital, approvals for new private banks, and guidelines for payments banks; the central bank issued prompt action guidance, tightened asset reconstruction investment norms, and allowed flexibility in project lending. Insurance reforms amended laws to empower the regulator and raised the foreign equity cap, while governance improvements and foreign portfolio investor mechanisms were introduced to deepen markets and promote financial inclusion. News - Fri, 27 Feb 2015 12:28:43 +0530 https://www.taxtmi.com/news?id=14038