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Description
On 6 November 2013, the Reserve Bank of India issued new guidelines for foreign banks to open Wholly Owned Subsidaries (WOS's) in the country. As a WOS, the foreign bank subsidaries will get near nat...
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Intervention Details
Intervention Type
FDI: Entry and ownership rule
MAST Chapter
FDI measures
Implementation date
06 Nov 2013
Revocation date
No revocation date
Implementation level
National
Affected flow
Inward
Announced as temporary
No
Eligible firms
all
Affected Trading Partners
Table
Affected Sectors
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Affected Products
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