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Government mulls over raising foreign investment cap for PSU Banks

Discussion in 'Stock Market News & Analysis' started by Capitalstars King, Oct 29, 2015.

  1. Capitalstars King

    Capitalstars King New Member

    Sep 11, 2015
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    Vijay Nagar, INDORE – 452010 M. P. India
    The Government is considering a proposal to increase the maximum amount that foreign investors can own in public sector banks (PSB) to 49% from the current 20%. A higher cap would help PSBs in raising equity to comply with Basel III regulatory standards. An increased in FII limits will be positive for PSU Banks for long term though in near term higher government holding and subdued performance has weakened investor sentiments towards PSU banks.
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