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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
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B
1 , 2 and 4
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C
1 and 3
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D
2 and 4
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Solution

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.

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