The Cabinet has relaxed norms for foreign direct investment (FDI) in construction development to make the sector more attractive for overseas investors.
Tag: capitalisation
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RBI suggests reducing govt stake in PSU banks
In a discussion paper, Reserve Bank of India (RBI) suggested that the government may consider reducing its stake below 51 per cent in state-run banks. While reducing its stake, government may take certain protective rights by amending the statutes governing the PSU banks, the paper
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Business of banks may grow 15%
Brokerage firm Motilal Oswal expects 14-15 percent growth in the business of banks analysed by it during 2013-14 and 2014-15. The firm expects stabilization in asset quality and margins, higher trading gains for the banks analysed by it. This would enable the banks to report a comp