145;Bank reforms to take some time146;

The road map for allowing foreign direct investment FDI hike in private banks from 49 per cent to 74 per cent would take some time, Finance Minister P. Chidambaram said on Monday.

8220;Please remember that a notification was issued in March 2004 on allowing FDI hike in private banks. We are now working on the road map to safeguard proper working of PSU banks and also to enable greater FDI in private banks,8221; he said. on the sidelines of Petrotech 2005 conference. He said the roadmap was being fine-tuned. 8220;We are dotting the 8216;I8217;s and crossing the 8216;T8217;s,8221; he said.