The foreign shareholding in the payments bank would be as per the FDI policy for private sector banks as amended from time to time. FDI stands for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Foreign Direct Initial
B	Foreign Direct International
C	Foreign Direct Investment
D	Foreign Direct Installment

Explanation:

Detailed explanation-1: -Foreign investment is freely permitted in almost all sectors. Foreign Direct Investments (FDI) can be made under two routes-Automatic Route and Government Route. Under the Automatic Route, the foreign investor or the Indian company does not require any approval from RBI or Government of India for the investment.

Detailed explanation-2: -With a horizontal FDI, a company establishes the same type of business operation in a foreign country as it operates in its home country.

Detailed explanation-3: -Horizontal FDI The most common type of FDI is Horizontal FDI, which primarily revolves around investing funds in a foreign company belonging to the same industry as that owned or operated by the FDI investor.

Detailed explanation-4: -The government has permitted 20% of Foreign Direct Investment in Banking-public Sector. Foreign investment involves investments of funds abroad in exchange for financial return.

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