Reserve Bank of India Governor Sanjay Malhotra on Tuesday said the central bank is open to permitting foreign banks to hold ...

Currently, while foreign investors, including portfolio investors, can own up to 74 per cent in Indian banks, regulations cap a strategic foreign investor’s stake at 15 per cent. However, the RBI can ...

Japan's Sumitomo Mitsui Financial Group is mulling a $1.1 billion investment in India's Yes Bank , Bloomberg News reported on ...