TaxTMI 
TaxTMI 
Limits on Holding Company Expansion.
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....imits on Holding Company Expansion. <br>News and Press Release<br>Dated:- 30-3-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 30-March-2012 17:27 IST Limits on Holdin....
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....g 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 submitted its repor....
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....t 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 to holding com....
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....pany 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 in written reply....
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.... to a question in the Lok Sabha today. SS/SL<BR> News - Press release - PIB....