(a) the present capital of the Private Sector Banks in the country as on date;
(b) the details of total deposit in Private banks;
(c) whether the RBI / Government proposes to allow 74% FD1 into the capital of these banks; and
(d) if so, the reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI S.S. PALANEVIANICKAM)
(a) & (b) As on September, 2005, the total paid up share capital of Private Sector Banks is Rs. 3,536.76 crore and total
deposits of these banks is Rs. 3,41,489.44 crore.
(c) & (d) With a view to provide an enabling environment for higher FDI inflows alongwith infusion of new technology
and management practices resulting in enhanced competitiveness, Govt. of India has issued a notification dated 5th
March, 2004 raising the Foreign Direct Investment limit in private banks from 49% to 74% under the automatic route
including investment of Foreign Institutional Investors(FIIs).