CLARIFICATION BY FINANCE MINISTRY
Responding to reports
appearing in a section of the Press that the Government is planning
to reduce cap on Foreign Institutional Investors (FIIs) and Non-Resident
Indians (NRIs) holdings in private banks, from 49 percent to 26
percent, it is clarified that at the current moment no such decision
has been taken by the Government of India in this regard. Neither
has any official communication been issued in the matter.
