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Commitment of Government of India With World Trade Organisation (Wto) For Regulation on Issue of Licences And Opening of Branches of Foreign Banks in the Country

Dated:- 14-3-2015 - The Government is under commitment with the World Trade Organisation (WTO) with regard to regulation on issue of licenses and opening of branches of foreign banks across the country. As per India s commitment to the WTO under fina .....

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e denied when the maximum share of assets in India both on and off balance sheet of foreign banks branches to total assets both on and off balance sheet of the banking system exceeds 15 percent. During the year 2014, following banks were allowed to o .....

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New Delhi through upgradation of its representative office in New Delhi. iii) Banco Santander was allowed to open a representative office in Mumbai. As per India s commitment to WTO under financial services, market access is restricted to 12 branches .....

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