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  1. Union Cabinet approves Rs 24,000 crore FDI for HDFC Bank

Union Cabinet approves Rs 24,000 crore FDI for HDFC Bank

The HDFC Bank had sought approval for maintaining the permissible foreign holding in the bank up to 74% of the total paid-up

By: | Published: June 13, 2018 5:52 PM
Union Cabinet approves Rs 24,000 crore FDI for HDFC Bank The Union Cabinet today approved Rs 24,000 crore FDI for HDFC Bank. (Image: Reuters)

The Union Cabinet today approved Rs 24,000 crore FDI for HDFC Bank. The bank had sought approval for maintaining the permissible foreign holding in the bank up to 74% of the total paid-up, out of which the FII sub-limit would be 49 per cent and the balance 25% would be foreign direct investment (FDI). The Cabinet also approved three-year-long Rs 2,025 crore plan for higher education in the agricultural sector.

Details awaited…

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