Cabinet nod for Rs 24,000 cr FDI in HDFC Bank

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Cabinet nod for Rs 24,000 cr FDI in HDFC Bank
Union Minister of State (Independent Charge) for Power, Coal and New and Renewable Energy and BJP leader Piyush Goyal. (File Photo: IANS)

New Delhi:  The Cabinet on Wednesday approved Rs 24,000 crore foreign direct investment (FDI) into HDFC Bank, Finance Minister Piyush Goyal said here.

“Even with this infusion the foreign equity will remain capped below 74 per cent,” Goyal said at a press conference while announcing Cabinet decisions.