No proposal for raising FII limit in PSBs to 49 per cent: Anurag Thakur - THEMARKETTRENDZ

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Monday, 14 September 2020

No proposal for raising FII limit in PSBs to 49 per cent: Anurag Thakur

"As per the proviso to sub-section (2D) of section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, no individual or company resident outside India shall hold shares exceeding 20 per cent of a nationalised bank's paid-up capital," Thakur said.

from Banking/Finance-Industry-Economic Times
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