74% FDI in pvt banks in 4-6 weeks

 The government was committed to increasing the foreign direct investment (FDI) limit in private banks to 74 per cent from 49 per cent, and a notification was expected shortly, a finance ministry official said today.

 He also did not rule out the possibility of lowering the ceiling on foreign institutional investment from 49 per cent to 26 per cent.

 "A decision on the extent of foreign investment