This bank get an approval to raise additional share capital upto 24,00 – InterviewSolution

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1.	This bank get an approval to raise additional share capital upto 24,000 crore rupees.
Answer» Union Cabinet approved the proposal for grant of permission to HDFC Bank to raise additional share capital of up to a maximum of 24,000 crore rupees. The composite foreign shareholding in the Bank will not exceed 74% of the enhanced paid-up equity share capital of the bank. According to the Finance Minister Piyush Goyal, the proposed investment is expected to strengthen the capital adequacy ratio of the bank. The Cabinet also approved reconstitution of North Eastern Council (NEC). Home Minister will be the ex officio chairman of NEC and the Minister of State for DoNER will serve as Vice Chairman of the council.

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