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Published on 13/06/2018 5:41:56 PM | Source: IANS

Cabinet nod for Rs 24,000 cr FDI in HDFC Bank

Posted in Industry News| #Cabinet #Banking Sector #FDI #Industry #HDFC Bank

The Cabinet on Wednesday approved Rs 24,000 crore foreign direct investment (FDI) into HDFC Bank, Finance Minister Piyush Goyal said here.

"Even with this infusion the foreign equity will remain capped below 74 per cent," Goyal said at a press conference while announcing Cabinet decisions.