Increase in HDFC’s shareholding would bring $ 3.5 billion in FDI: Piyush Goyal

Updated:7 years, 4 months ago

New Delhi, Jun 13 (ANI): Union Interim Finance Minister and Railway Minister Piyush Goyal held a cabinet briefing on Wednesday in New Delhi. During the briefing he informed, “HDFC bank has been given approval for Rs 24,000 crore as Foreign Direct Investment. Foreign Institutional Investors (FII) limit in HDFC Bank has also been increased to 74%. It will help improve capital adequacy ratio for HDFC bank.”

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