Mumbai, June 25: Foreign banking majors have evinced interest in picking up an equity stake in leading Indian private sector bank IndusInd Bank.
The foreign banks initially plan to pick up a five per cent stake in IndusInd, the upper limit prescribed by the Reserve Bank of India (RBI).
Confirming this here, IndusInd Bank’s Managing Director, Bhaskar Ghose, said, "Currently a few foreign banks are in negotiations with us to pick up a five per cent stake in the bank."
These banks may hike their stake post-2010 when it is widely expected that the banking sector will be thrown open to foreign investors.
Refusing to disclose the names of the foreign banks, Ghose, however, said that all the banks were `big names’ and belonged to the g-8 countries.
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