Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.77)

77. 

Which bank increased Overseas Investment limits for Mutual Funds?

[A]. RBI
[B]. SIDBI
[C]. SEBI
[D]. SBI

Answer: Option C

Explanation:

Securities and Exchange Board of India (SEBI) has enhanced the investment limits for Mutual Fund companies for overseas investments. Mutual Funds can make overseas investments subject to a maximum of US $ 600 million per Mutual Fund, within the overall industry limit of US $ 7 billion. Earlier it was USD 300 million.

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