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Dcb Open To More Foreign Stake

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Our Banking Bureau BUSINESS STANDARD
Last Updated : Jan 28 2013 | 1:39 AM IST

Development Credit Bank (DCB) is open to the idea of increasing its foreign direct investment (FDI) in the bank. The FDI in the bank is currently pegged at 49 per cent.

The finance minister had in the Union Budget said that FDI in private sector banks would be increased to 74 per cent. The Budget has also proposed that the cap of 10 per cent on voting rights would be removed.

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First Published: Mar 27 2003 | 12:00 AM IST

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