Temasek Holdings and the Government of Singapore Investment Corporation have requested the government to consider them as separate entities for all future investments in Indian entities.
The request has led RBI to postpone its approval for a proposal by Temasek and GIC to pick up 10 per cent each in ICICI Bank. The central bank had agreed to consider the request only as an exception.
These investments came into India following the comprehensive economic co-operation
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agreement singed between India and Singapore.