{"id":12693,"date":"2025-12-02T18:22:22","date_gmt":"2025-12-02T12:52:22","guid":{"rendered":"https:\/\/theeducationoverview.in\/?p=12693"},"modified":"2025-12-02T18:22:22","modified_gmt":"2025-12-02T12:52:22","slug":"secretary-dfs-chairs-inter-departmental-committee-meeting-with-member-ministries-of-mha-mea-doc-and-rbi","status":"publish","type":"post","link":"https:\/\/theeducationoverview.in\/?p=12693","title":{"rendered":"Secretary, DFS chairs Inter-Departmental Committee meeting with member ministries of MHA, MEA, DoC and RBI"},"content":{"rendered":"<div class=\"text-center event-heading-background\">\n<h2 id=\"Titleh2\" style=\"text-align: justify;\"><span style=\"color: #3366ff;\"><strong>Secretary, DFS chairs Inter-Departmental Committee meeting with member ministries of MHA, MEA, DoC and RBI<\/strong><\/span><\/h2>\n<h3 id=\"Subtitleh3\" style=\"text-align: justify;\"><span style=\"color: #3366ff;\"><strong><span id=\"ltrSubtitle\"><br \/>\nMeeting deliberates upon establishment of branches, representative offices and subsidiaries of foreign banks in India<\/span><\/strong><\/span><\/h3>\n<\/div>\n<div id=\"PrDateTime\" class=\"ReleaseDateSubHeaddateTime text-center pt20\" style=\"text-align: justify;\"><span style=\"color: #3366ff;\"><strong>Posted On: 20 NOV 2025 2:38PM by PIB Delhi<\/strong><\/span><\/div>\n<div class=\"pt20\" style=\"text-align: justify;\"><\/div>\n<p style=\"text-align: justify;\"><span style=\"color: #3366ff;\"><strong>The Secretary, Department of Financial Services, Ministry of Finance, Shri M. Nagaraju chaired the Inter-Departmental Committee (IDC)\u00a0meeting today. It included member ministries\/departments\u00a0<em>i.e<\/em>. Ministry of Home Affairs (MHA), Ministry of External Affairs (MEA), Department of Commerce (DoC) and the Reserve Bank of India (RBI).<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #3366ff;\"><strong><img decoding=\"async\" src=\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/image0014D89.jpg\" \/><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #3366ff;\"><strong>The Inter\u2011Departmental 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. In parallel, the Committee also reviewed proposals from Indian banks seeking to expand their presence abroad through similar arrangements.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #3366ff;\"><strong>Furthermore, the IDC examined requests from foreign banks for relocation of their existing branches within India. After due consideration, the Committee recommended the proposals placed before it.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #3366ff;\"><strong>The IDC functions under the Department of Financial Services (DFS), which serves as the nodal authority for evaluating such proposals from both foreign and domestic banks. Before arriving at its recommendations, the Committee consults with member ministries including the Ministry of Home Affairs (MHA), the Ministry of External Affairs (MEA), and the Department of Commerce (DoC) to ensure a comprehensive and consensus\u2011based approach.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #3366ff;\"><strong>*****<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Secretary, DFS chairs Inter-Departmental Committee meeting with member ministries of MHA, MEA, DoC and RBI Meeting deliberates upon establishment of branches, representative offices and subsidiaries of foreign banks in India Posted On: 20 NOV 2025 2:38PM by PIB Delhi The Secretary, Department of Financial Services, Ministry of Finance, Shri M. Nagaraju chaired the Inter-Departmental Committee &hellip;<\/p>\n","protected":false},"author":2,"featured_media":12694,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-news"],"_links":{"self":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/12693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12693"}],"version-history":[{"count":1,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/12693\/revisions"}],"predecessor-version":[{"id":12695,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/12693\/revisions\/12695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/media\/12694"}],"wp:attachment":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}