India considers raising foreign investment cap in state banks to 49

India considers raising foreign investment cap in state banks to 49 – report

The Indian government is contemplating a policy revision that would permit up to 49% foreign direct investment in its public sector banks.The post India considers raising foreign investment cap in state banks to 49 – report appeared first on Investment Monitor.

India considers raising foreign investment cap in state banks to 49

The Indian government is contemplating a policy revision that would permit up to 49% foreign direct investment in its public sector banks, doubling from the existing 20% threshold, reported Reuters, citing sources who are directly involved in policy discussions. According to a source, ongoing discussions between the finance ministry and the Reserve Bank of India (RBI) have been taking place over the past few months, with the proposal still in th…