We thank the Reserve Bank of India (the “RBI”) for this opportunity to present our views and suggestions on the Report of the Internal Working Group to Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banks’ issued on November 20, 2020 (“IWG Report”). The RBI had released the report a little while back and invited suggestions and feedback from various stakeholders. Set out below are our inputs on certain specific recommendations in the discussion paper.