RBI has recently issued the 'Directions - Acquisition and Holding of Shares or Voting Rights in Banking Companies' in order to ensure that the ultimate ownership and control of banking companies are well diversified and the major shareholders of banking companies are 'fit and proper' on a continual basis.
source https://www.caclubindia.com/articles/rbis-acquisition-and-holding-of-shares-or-voting-rights-in-banking-companies-directions-2023-48449.asp
source https://www.caclubindia.com/articles/rbis-acquisition-and-holding-of-shares-or-voting-rights-in-banking-companies-directions-2023-48449.asp
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