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Franklin Templeton Mutual Fund and DSP Mutual Fund have also received RBI's approval to buy 9.99% stake each in the bank.
This change has been brought about in pursuance with RBI's “Clean Note Policy”, the RBI said in its communiqué.
Towards the week's end, banking stocks were impacted by the RBI's decision to raise risk weights for unsecured loans, he said.
Source: https://www.siasat.com/market-expected-to-maintain-positive-momentum-2912672/
Ukraine often calls on companies including RBI to leave Russia, though its latest sanctions are unlikely to have a significant impact on RBI's Russian business.