New Delhi, Nov. 21 -- The Secretary, Department of Financial Services, Ministry of Finance, M. Nagaraju on Thursday chaired the Inter-Departmental Committee (IDC) meeting here.
The meeting also included member ministries and departments including Ministry of Home Affairs (MHA), Ministry of External Affairs (MEA), Department of Commerce (DoC) and the Reserve Bank of India (RBI).
At the meeting, the Inter Departmental Committee (IDC) convened the meeting to deliberate on proposals received from the Reserve Bank of India (RBI) concerning the establishment of branches, representative offices and subsidiaries of foreign banks in India.
Further, the Committee also reviewed proposals from Indian banks seeking to expand their presence abroad thr...