BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The foreign shareholding in the small finance bank would be as per the FDI policy for____as amended from time to time.
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Private Sector Banks
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Public Sector Banks
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Foreign Sector Banks
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Regional Rural Banks
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Explanation:
Detailed explanation-1: -As per the current FDI policy, the aggregate foreign investment in a private sector bank from all sources will be allowed upto a maximum of 74 per cent of the paid-up capital of the bank (automatic upto 49 per cent and approval route beyond 49 per cent to 74 per cent).
Detailed explanation-2: -The aggregate limit for all FIIs/FPIs/Qualified Foreign Investors (QFIs) cannot exceed 24% of the total paid-up capital. This can be raised to 49% of the total paid-up capital by the bank concerned through a resolution by its Board of Directors followed by a special resolution to that effect by its General Body.
Detailed explanation-3: -Up to 100% FDI permitted under Government route: Banking and Public Sector – 20%
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