Exclusives | Asia

India plans to hike foreign investment cap in state-run banks to 49%, source says

27 October 2025, 9:17 am

1 min read

FILE PHOTO: The Indian Rupee logo is seen inside the Reserve Bank of India (RBI) headquarters in Mumbai, India, December 6, 2024. REUTERS/Francis Mascarenhas/File Photo

India is planning to allow direct foreign investment in state-run banks of up to 49%, more than double current limits. The Nifty PSU Bank index rose as much as 3.02% to a record high of 8053.4 after the Reuters report