News dalla rete ITA

30 Gennaio 2018

India

GOVERNMENT MULLS 100% FOREIGN INVESTMENT IN PRIVATE BANKS

According to the press, the Indian government is planning to increase foreign investment limits in private sector banks to 100%, from 74% at present. It is also considering a hike in the foreign investment cap for public sector banks (PSBs), from 20% to 49%. According to government’s current policy, foreign investors - which is composed of foreign direct investments (FDIs), foreign institutional investors, and non-resident Indians combined — can invest up to 74% of paid-up capital in private sector banks. Up to 49% foreign investment is allowed under the automatic route; further investments between 49 and 74% require the government’s nod. (ICE NEW DELHI)