Foreign
Investments..!
Foreign
investments - which include FDI (Foreign
Direct Investment), foreign institutional investment (FII), shares owned by non-resident Indians (NRIs),
foreign currency
convertible bonds & convertible preference shares, and
ADRs GDRs – up to 49 per cent in private banks are allowed through the
automatic route.
But,
any subsequent increase has to be approved by the Foreign Investment Promotion
Board (FIPB).
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