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Cabinet approves foreign investment in other Financial Services sector

News and Press Release - Dated:- 11-8-2016 - The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to amend regulation for foreign investment in the Non- Banking Finance Companies (NBFCs). The amendment in the exis .....

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ed such services are regulated by any financial sector regulators (RBI, SEBI, PFRDA etc.) / Government Agencies. Foreign investment in Other Financial Services , which are not regulated by any regulators / Government Agency, can be made on approval r .....

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is not limited to any State/Districts. Background In the Budget 2016-17 Speech, the Hon'ble Finance Minister had announced that FDI will be allowed beyond the 18 specified NBFC activities in the automatic route in other activities which are regu .....

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