Reserve Bank of India (RBI) approval for takeover of control of non-bank PSOs
July 5, 2022
The notification from Reserve Bank of India (RBI) for acquisition of control may or may not result in change of management and sale of payment activity to an entity not authorised for undertaking similar activities. This update analyses some of the key features of the notification including previous regime, scope of the notification, intimation requirement and RBI approval requirement.
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