The Reserve Bank of India (RBI) has announced a program of reforms in India regarding the banking sector, which will be evaluated in the coming months.
Among the main ones, there is certainly the issuing of licenses for the entry of new operators into the market, which will be discussed by July 2010.
Another important proposal concerns the introduction of holding companies to insulate banking institutions from the risks relating to the activity of their subsidiaries. According to a statement by the Indian central bank, there is currently no provision for a holding structure for financial conglomerates, thus exposing investors, account holders and parent companies to the risks of subsidiaries. Currently several banks such as State Bank of India, ICICI Bank and Kotak Mahindra Bank operate as financial conglomerates, with subsidiaries active in the insurance and investment funds sector.
The RBI is also examining the possibility of easing the legislation on the entry of foreign operators into the Indian market. The regulator is preparing a paper on how to operate in the sector (through a branch office or a subsidiary), which will be presented by September 2010.
What other reforms in India? Follow Octagona to stay up to date on the latest reform issues in India. With three offices in Pune, Bangalore and New Delhi, Octagona can say that it has had direct experience in the area for over 20 years, helping Italian companies that want to grow abroad to explore new opportunities and new markets, such as the Indian one. For this we bring daily updates on the latest news in India, the latest news and everything related to foreign trade between India and Italy. Are you interested in learning more about the content of this article? Then contact us and we will study with you the best solution for your needs.
Source: Indian News
READ ALSO:
The success of Italian companies in India
Internationalizing your business abroad: strategic choice or opportunity?
Digital Export Manager (DEM): internationalization in a digital context
Are you interested in our service?
Fill out the form or contact us at the number
+39 059 9770184
