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Will Kotak's FII limit hike lead to FDI insurance puzzle?

If the FIPB allows Kotak to up FII limit to 55 percent, an increase in the foreign limit to over 50 percent would automatically qualify the bank as 'foreign-owned', leading to the conundrum of how to treat the bank's stake in its insurance business.

first published: Jun 15, 2015 05:40 pm

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