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Foreign Direct Investment (FDI) Policy on Other Financial Services

FEMA - Press Note No. 6 (2016 Series) - Dated:- 25-10-2016 - Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 6 (2016 Series) Subject: The Government has liberalized its FDI policy on Other Financial Services and Non-Banking Finance Companies (NBFCs). Accordingly, amended policy provisions are mentioned below. 2.0 Para 5.2.26, of Consolidated FDI Policy Circular of 2016, on 'Non-Banking Finance Companies' is replaced w .....

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erned Regulator/Government Agency. ii. 'Other Financial Services' activities need to be regulated by one of the Financial Sector Regulators. In all such financial services activity which are not regulated by any Financial Sector Regulator or where only part of the financial services activity is regulated or where there is doubt regarding the regulatory oversight, foreign investment up to 100% will be allowed under Government approval route subject to conditions including minimum capitali .....

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