According to the current norms of the Reserve Bank of India (RBI), foreign entities can't have ownership in new private banks.
"The residency criteria would not apply to a consortium consisting of funds investment vehicles incorporated outside India," the government said in a reply to interested bidders queries section. It also added that it would consider relaxing the 5-year lock-in period for shares if a non-banking financial company (NBFC) is merged into IDBI.
Esta historia es de la edición December 07, 2022 de The New Indian Express.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 07, 2022 de The New Indian Express.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
SKETCHING SAFETY FOR KIDS
IT'S been over a decade since the implementation of the Protection of Children from Sexual Offences (POCSO) Act.
UNITED STRIKES OF AMERICA
How Aaron Jones, Ali Khan and Abraham Lincoln have set the T20 World Cup alight for the co-hosts USA
Alcaraz beats Sinner to reach summit clash
CARLOS Alcaraz reached his first French Open final by beating Jannik Sinner 2-6, 6-3, 3-6, 6-4, 6-3 on Friday, making the 21-year-old from Spain the youngest man to reach a Grand Slam title match on three surfaces.
Jaismine boxing with higher purpose, one punch at a time
SPORTS has been a constant in Jaismine Lamboria's family.
Himmat & Jyotsnil slam fifties to lift Sea Hawks
HALF-CENTURIES by Jyotsnil Singh (55) and Himmat Singh (72) helped Sea Hawks to bag a lead of 87 runs against Singam Puli on Day 2 in the first round of the senior division league of the TNCA played at Tagore Medical College Grounds.
Adani Green Energy secures 20-year PPA with Sri Lanka
ADANI Green Energy is said to have secured a 20-year power purchase agreement (PPA) with Sri Lanka for the development of two wind projects.
MORE FLIGHTS TO C ASIAN CITIES: INDIGO
INDIA'S largest airline IndiGo is doubling flights from Delhi to Almaty and Tbilisi starting on August 16, 2024, and to Tashkent starting on August 17.
Insurance marketplace Bima Sugam expected to be launched by April 2025
THE first phase of Bima Sugam, a one-stop online solution for all insurance needs, is expected to be launched next year around April 2025.
Taxes on no-show air passengers; DGCA to probe
IN a recent development, the Directorate General of Goods and Services Tax Intelligence (DGGI) has initiated investigations into airlines retaining taxes collected from customers in the cases of no-show by passengers, sources told TNIE.
Koreas fly trash balloons, take contest to the air
SEOUL SOUTH Koreans were alert on Friday for possible new launches by North Korea of balloons carrying rubbish into the South, a day after Seoul activists flew their own balloons to scatter political leaflets in the North.