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of <h1>Foreign Ownership in Indian Banks Remains Capped at 15% with Potential Future Flexibility for Strategic Investments</h1> The Reserve Bank of India's governor stated there are currently no plans to increase foreign ownership limits beyond 15% in banks. While acknowledging India needs more banks, the RBI will carefully examine ownership structures and eligibility criteria. The central bank allows exceptions on a case-by-case basis and may consider higher foreign ownership in the future, but emphasizes the importance of trustworthy owners and managers.
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