|
Home > Business > PTI > Report
Govt clarifies on FII cap in pvt bank
November 19, 2003 12:59 IST
Government on Wednesday denied that it has decided to allow upto 26 per cent foreign institutional investment in private sector banks. "At the moment no such decision has been taken by the Government of India in this regard, neither any official communication been issued in the matter," a finance ministry release said. The clarification was issued in the wake of reports that a notification allowing 26 per cent FII investment would be issued in a few days.
|
|
| Article Tools | | |
|
|