A 10 percent safeguard, Indian Express, 1 September 2011

RBI has issued draft guidelines for private bank
licences. These emphasise dispersed shareholding. Proposed rules on
entry into banking require that for a company to get a bank licence
no one entity holds above 10 percent shares in a company. These
rules are similar to those proposed by the Bimal Jalan committee
that for the ownership of an exchange no one entity holds above 5%
shareholding. These rules are on the right track. However, as recent
experience in telecom and stock exchanges has shown, enforcing such
rules is going to be a challenge. RBI will need strong investigative
capabilities, such as in SEBI, in carefully sifting through the bank
license applications that it will receive.