(a) the quantum of foreign investment made in the foreign banks operating in India during each
of the last three years;
(b) whether the Government has made any evaluation to find out any adverse impact of this
foreign investment on the Indian economy;
(c) if so, the details thereof; and
(d) the steps taken by the Government in this regard?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)
(a) The foreign banks operate in India only through their branches, which do not get any foreign
investment directly. The branches of foreign banks in India are required to bring/maintain capital
as a prudential requirement of the Reserve Bank of India to protect the interests of depositors.
Further, these branches receive the funds through their Head Office contribution to augment their
capital. The foreign banks operating in India had total owned funds of Rs. 23,952 crore,
Rs. 32,848 crore and Rs. 49,158 crore as at the end of March 2006,2007 and 2008 respectively.
(b) to (d) : Do not arise.