More recently, consumer-facing technology has become front and center. At times, the payments process is so seamlessly integrated that one can forget that there is even a bank in the process, as with the Uber and Lyft example.
•  On July 6 2004, banks / FIs were advised that they should not acquire any fresh stake in a bank’s equity shares, if by such acquisition, the investing bank’s/FI’s holding exceeds 5 per cent of the investee bank’s equity capital. Why are the guidelines being made applicable for existing banks? The banking sector is already quite large and widespread.