100% FDI likely for mortgage guarantee firms (Indian Express Finance via Yahoo! India News)
Story date: 2007-12-18 11:02:26
Added on: 2007-12-19 10:53:02
The government may treat mortgage guarantee companies as non-banking finance companies (NBFCs). This would enable foreign firms to set up wholly owned subsidiaries in India as there is no foreign direct investment (FDI) cap for NBFCs. The rules governing this are expected to be unveiled soon, according to sources. The finance ministry favoured the inclusion of mortgage guarantee companies in the ...
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