Govt Mulling Proposal to Raise FDI Ceiling in Public Sector Banks to 49%: DFS Secretary Nagaraju
The Indian government is actively considering a proposal to raise the Foreign Direct Investment (FDI) ceiling in public sector banks (PSBs) to 49%, according to Department of Financial Services (DFS) secretary Vivek Joshi Nagaraju. This move, if implemented, would mark a significant reform in India’s banking sector, aimed at attracting foreign capital, strengthening governance, and…