"As per the proviso to sub-section (2D) of section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, no individual or company resident outside India shall hold shares exceeding 20 per cent of a nationalised bank's paid-up capital," Thakur said.source https://economictimes.indiatimes.com/industry/banking/finance/banking/no-proposal-for-raising-fii-limit-in-psbs-to-49-per-cent-anurag-thakur/articleshow/78101935.cms
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