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of <h1>Indian financial services firms can invest overseas with regulatory approvals and three-year profit requirement</h1> Indian parties engaged in financial services may invest in foreign entities subject to specific conditions. The investing party must have earned net profits for three preceding financial years from financial services activities, be registered with Indian regulatory authorities, obtain approvals from both Indian and foreign regulatory bodies, and meet capital adequacy norms prescribed by Indian regulators. Additional investments by existing joint ventures, wholly-owned subsidiaries, or step-down companies in financial services require compliance with these same conditions.
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