Wednesday, June 13, 2018

Govt clears HDFC Bank's FDI proposal

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Government has cleared  HDFC Bank's FDI proposal. The Union Cabinet on has approved a proposal for foreign direct investment worth Rs 24000 Cr for the lender.

 The foreign equity will remain capped below 74 per cent. The current 72.62 per cent foreign equity holding is being raised to 74 per cent.

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