IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Aug 2016 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

 On 10 August 2016, the Union Cabinet of India approved an amendment in the regulations for foreign investment in the Non-Banking Finance Companies (NBFCs). Currently, such foreign investment is allowed under the automatic route, i.e. without approval from the government, for NBFC's in 18 financial services. With the amendment, all "Other services" apart from these 18 are also opened up under the automatic route provided such services are regulated by any financial sector regulators or government agencies. Services that are not regulated by such agencies will be allowed under the approval route. Further,minimum capitalization norms have been removed as regulators already have such fixed norms.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.