Representatives for Fairfax and the RBI didnt immediately respond to e-mails seeking comment. Indias Mint newspaper reported the RBI approval earlier Friday, citing unidentified people. http://nevaehpattersonchat.macsverige.org/2016/09/09/finding-logical-solutions-for-interview-body-languageVoting Rights Catholic Syrian had 156.5 billion rupees ($2.3 billion) of assets at the end of March, according to its annual report. The lenders network includes more than 430 branches and 240 automated teller machines in India, its website shows. Indias central bank will require Fairfax to keep its ownership level for at least five years, Santhanakrishnan said. The Canadian firm will need to reduce its shareholding to 15 percent within 12 years, according to Santhanakrishnan. The Reserve Bank of India approval letter states Fairfax will be allowed voting rights in accordance with the guidelines contained in central bank circulars from November and May, he said. A single investors voting rights in a non-state bank cannot be more than 15 percent, according to the May guidelines. Catholic Syrian raised about 1.2 billion rupees in October selling stock to investors including Edelweiss Tokio Life Insurance Co., HDFC Standard Life Insurance Co.
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