Question

Consider the following statements :A foreign bank may operate in India
1.through its branches
2. as a wholly owned subsidiary
3.as a subsidiary with aggregate foreign investment up to maximum of 74% in a private bank.
4.as a subsidiary with aggregate foreign investment up to a maximum of 49% in a private bank.
Which of the statements given above are correct ?

• A. 1 , 2 and 3
• B. 1 , 2 and 4
• C. 1 and 3
• D. 2 and 4

Answer 1

The correct option is A 1 , 2 and 3

A foreign bank may operate in India through its branches and or wholly owned subsidiary was a subsidiary with aggregate foreign investment up to a maximum of 15% in a private bank.