2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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59 %
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67 %
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82 %
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74 %
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Detailed explanation-1: -Up to 100% FDI permitted under Government route: Banking and Public Sector – 20%
Detailed explanation-2: -Twenty per cent of FDI is allowed in PSU banks under the government approval route. Private banks have a higher FDI cap at 74 per cent via automatic route, provided there is no change of control and management. No single entity is allowed to hold more than 10 per cent of the total capital deployed in a bank.
Detailed explanation-3: -(b) The aggregate foreign investment in a private bank from all sources will be allowed up to a maximum of 74 per cent of the paid up capital of the Bank.
Detailed explanation-4: -The Ministry of Finance is considering raising the FDI limit to 74% from the current 20% cap, according to two people familiar with the matter. This would bring it in line with private sector banks, where 74% FDI is already permitted.