Chandra Shekhar Ghosh welcomes recommendations of RBI’s Working Group

Kolkata: Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer, Bandhan Bank, on Monday welcomed the recommendations of RBI’s working group, saying, it would help bring in uniformity vis-à-vis licensing conditions for private banks.

In a statement, Ghosh noted, “The recommendations of RBI’s working group are a step in the right direction and would help bring in uniformity vis-à-vis licensing conditions for private banks.”

“Suggestions like hiking the cap on promoters’ stake from 15% to 26% will help ensure that promoters remain committed to the welfare and growth of the bank over the long-term”, he opined.

“The observation that any potential benefits of future licensing guidelines should be passed on to existing banks is a welcome step”, Ghosh observed.