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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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