In its Budget for 2012-13, the Government has earmarked a capital of Rs 15,888 crore (US$ 3.11 billion) to be infused in public sector banks, regional rural banks and other financial institutions. Apart from this, the Government is also planning to set up a financial holding company that will raise funds for public sector banks.
Furthermore, the RBI has
liberalised regulations pertaining to FCAs to provide operational flexibility
to Indian entities making overseas direct investments. After satisfying
stipulated requirements and conditions, Indian entities can open, hold and
maintain FCAs abroad that would simplify the process of making overseas direct
investments.
Tags : Merchant Banking and Financial Services, III Semester (MBA), UNIT-1
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