In case of shortfall in NRI contributions, multilateral financial institutions would be allowed to contribute foreign equity to the extend of the shortfall in NRI contributions within the overall limit of 40 percent.

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.... of 40 percent.<br>Circular No. 13 Dated:- 1-9-1998 FDI GUIDELINES Dated:- 1-9-1998 FDI GUIDELINES<br>FEMA<br>Foreign direct investment in Private Sector banks up to 20% PRESS NOTE NO. 13 (1998 ....

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....owed equity participation in private sector banks up to 40%, which would be inclusive of equity participation by other foreign investors as indicated above. With a view to attracting foreign direct....