<div>India is considering raising foreign ownership in private banks to 100 percent, a business newspaper reported on Thursday, citing a senior government official.</div><div> </div><div>The measure to hike foreign ownership in private banks from the current 74 per cent is being discussed by the finance ministry, the department of industrial policy & promotion (DIPP) and the Reserve Bank of India, the newspaper said.</div><div> </div><div>One of the options being considered is allowing an additional 26 per cent increase through the approval route, the newspaper said.</div><div> </div><div>A response from the finance ministry is awaited, the newspaper reported the official as saying.</div>
