(4) FDI in private banking sectorof India is allowed up to 74%where FDI up to 49% is allowedthrough automatic route and FDIbeyond 49% but up to 74% is al- lowed through government approvalroute. This 74% limit will includeinvestment under the Portfolio InvestmentScheme (PIS) by FIIs,NRIs and shares acquired prior toSeptember 16, 2003.