The bank last week faced a Rs 1 crore fine from the RBI for not complying with shareholding norms under the licensing rules
Funds will have to adhere to sectoral caps and restrictions applicable to foreign investment in Indian equities
Foreign investors put in a net sum of Rs 4,970 crore in equities and a net Rs 102 crore in the debt market during October 1-18
Foreign portfolio investors withdrew a net amount of Rs 5,577.99 crore from equities while infusing Rs 1,384.81 crore into the debt segment
The measures are to boost investment and manufacturing under the Make in India initiative
The announcement comes a month after the surcharge on income earned from equities and derivatives was scrapped
Experts say concerns about a slowdown in the domestic economy, combined with fears of a global recession, have eclipsed the move to withdraw the surcharge
Giving in to the demands of overseas investors, Finance Minister Nirmala Sitharaman on Friday announced rollback of enhanced surcharge on foreign portfolio investors levied in the Budget
The tax payable at normal rate on business income arising from the transfer of derivatives to a person other than FPI shall be liable for the enhanced surcharge
The Rs 70,000-crore recapitalisation announced in the Budget will be sped up
In a post-market hours press briefing today evening, Finance Minister Nirmala Sitharaman withdrew the enhanced surcharge on long and short-term capital gains
FM Nirmala Sitharaman is expected to announce steps to revive India's economic growth. Catch all LIVE updates here
Govt to infuse upfront Rs 70,000 crore into public sector banks to enable release of Rs 5 trillion liquidity in the market
FPI regulations have been redrafted based on the recommendation of a committee headed by former RBI deputy governor H R Khan
FM Sitharaman meets representatives of MFs, investment banks, FPIs
Foreign investors reverse 5-month buying trend, pull out Rs 3,758
An increase in the effective tax rate will affect only high net-worth individuals, and according to government policy they should contribute more to nation building, the finance minister said
Globally, index funds and ETFs are popular because of the low management fees
Sitharaman had in the Budget proposed to increase the surcharge, charged on top of the applicable income tax rate for the super-rich
This means that the effective taxation on long-term capital gains for FPIs has risen to a maximum of 14.25 per cent