Global Trade Alert
Global Trade Alert

India: Foreign banks allowed to own & operate wholly owned subsidiaries with near national treatment

Announcement

06 Nov 2013

In November 2013, the government of India announced changed rules for foreign investors.

Source

Sign in to access

Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

06 Nov 2013

Revocation date:

No revocation date

FDI: Entry and ownership rule In force

On 6 November 2013, the Reserve Bank of India issued new guidelines for foreign banks to open Wholly Owned Subsidaries (WOS's) in the country. As a WOS, the foreign bank subsidaries will get near nat...

Sign in to see more

Threads

See all

This state act is not part of any Thread yet.