IDFC First Bank gets Finance Ministry nod to increase stake in Niraj Kakkad Constructions
- Posted on July 8, 2025
- By Financial Express
- 1 Views
IDFC First Bank gets Finance Ministry nod to increase stake in Niraj Kakkad Constructions
According to the Banking Regulation Act, 1949, a bank cannot have a shareholding of over 30 percent in any company. The restriction applies to all forms of direct or indirect ownership, such as pledges, mortgages or absolute ownership.
