The Reserve Bank of India (RBI) has given promoters a 15 year time period to reduce stake to 15%. Promoters will have 5 years to reduce stake to 40%, 10 years to reduce stake to 30% and 15 years for bringing down stake to 15%. While the loan book of the bank is at ₹11,500 crore its deposit base is ₹15,000 crore. Such loans are 33% of the total loan book. The retail loan book of the bank is 47% of total, while the wholesale book is 25%.
Source: The Hindu November 19, 2019 11:15 UTC