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No proposal to hike FDI limit in PSBs: Subhash Chandra Garg
Tuesday, May 1, 2018, 5:33 PM
Putting to rest speculations on raising FDI limit in public sector banks, Economic Affairs Secretary Subhash Chandra Garg said there is no such proposal and also ruled out their privatization. "There is no such proposal for relaxing FDI limit (in public sector banks)," Garg told PTI in an interview. Currently, 20 percent foreign investment is permitted in PSU banks under government approval route.
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