Question

what is the percentage increase limit for investment in private sector bank as per new banking reforms?






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Answer 1

Answer:

Currently, 20 per cent foreign investment is allowed in PSU banks under the government approval route. Private banks have a higher FDI cap at 74 per cent, provided there is no change of control and management. RBI regulations do not permit a single entity to invest more than 10 per cent in a bank.

Explanation:

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