Paragraph 5.2.19 Banking- Public Sector
- Text as on
- As issued 15 October 2020; Press Notes since are not applied
5.2.19 BANKING- PUBLIC SECTOR
Sector/Activity % of Equity/ Entry Route FDI Cap Government
5.2.19.1 Banking- Public Sector subject to Banking 20%
Companies (Acquisition & Transfer of
Undertakings) Acts 1970/80. This ceiling (20%) is
also applicable to the State Bank of India and its associate Banks.