Centre to allow foreign funds to own over 51% in IDBI Bank
- The current Reserve Bank of India rules restrict foreign ownership in new private banks
According to a government clarification on Tuesday, the Central Government will be allowing a consortium of foreign funds and investment companies to own over 51% in state-owned IDBI Bank Ltd.
Select your Category
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more