New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    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.

    Practice Next

    Relevant for Exams: