The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal to increase foreign investment limit (subject to the aggregate foreign institutional investors’ (FIIs) shareholding cap) to 74% for which of the following private banks in July, 2016?

Indusind Bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Federal Bank

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Kotak Mahindra Bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Yes Bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Saraswat Bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Federal Bank
Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi cleared the proposal of Axis Bank for increasing foreign shareholding limit from existing 62% to 74%.

Suggest Corrections

Similar questions

Q. Which of the following agencies/bodies has asked all foreign funds to come forward and register themselves as Foreign Institutional Investors (FIIs) prior to any investment in India?

Q. Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two?

Q. 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 ?

14. Consider the following statements,
1] Foreign direct investment (FDI) is an investment in a business by an investor from another country for which the foreign investor has control over the company purchased.

2] A foreign institutional investor (FII) is an investor or investment fund registered in a country outside of the one in which it is investing. Institutional investors most notably include hedge funds, insurance companies, pension funds and mutual funds.

Which of the above statements is/are correct?

Q. Consider the following statements about Multilateral Investment Guarantee Agency:

1

. It encourages foreign investment in developing economies by offering insurance to foreign private investors against loss caused by non-commercial risks.

2

. It is an institution of International Monetary Fund.
Which of the given statements is/are correct?

Join BYJU'S Learning Program

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal to increase foreign investment limit (subject to the aggregate foreign institutional investors’ (FIIs) shareholding cap) to 74% for which of the following private banks in July, 2016?

The correct option is B Federal BankCabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi cleared the proposal of Axis Bank for increasing foreign shareholding limit from existing 62% to 74%.

The correct option is B Federal Bank
Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi cleared the proposal of Axis Bank for increasing foreign shareholding limit from existing 62% to 74%.