Global Trade Alert
Global Trade Alert

India: Foreign banks allowed to own & operate wholly owned subsidiaries with near national treatment

Announcement

06 Nov 2013

In November 2013, the government of India announced changed rules for foreign investors.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

06 Nov 2013

Revocation date:

No revocation date

Updated: 06 Nov 2013
FDI: Entry and ownership rule In force

 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 ...

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