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Question

As per the current FDI policy, the foreign shareholding in private sector banks is allowed up to?

A 65% Correct Answer Incorrect Answer
B 70% Correct Answer Incorrect Answer
C 72% Correct Answer Incorrect Answer
D 74% Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

  • As per the current FDI policy, the foreign shareholding in private sector banks is allowed up to a ceiling of 74 per cent of the paid-up voting equity capital.
  • The aggregate non-resident shareholding from FDI, NRIs and FIIs in the new private sector banks shall not exceed 49 per cent of the paid-up voting equity capital for the first 5 years from the date of licensing of the bank.

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