India relaxes FDI into NBFCs

The government has made its latest attempt to encourage foreign investment into the country.

India’s Union Cabinet has approved the relaxation of regulations for foreign direct investment (FDI) into non-banking financial companies (NBFC), according to an official release.

The latest change permits inflow of foreign investment via the “other financial services” route regulated by any of the financial sector regulators such as the Reserve Bank of India, Securities and Exchange Board of India, and the Pension Fund Regulatory and Development Authority.