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What is the maximum ceiling on Foreign D...

What is the maximum ceiling on Foreign Direct investment (FDI) for investment in the equity of Public Sector Banks in India?

A

`20%`

B

`26%`

C

`49%`

D

`51%`

Text Solution

Verified by Experts

The correct Answer is:
C
FDI limit in Public Sector Bank is 49%.
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