The Reserve Bank of India has today notified that the aggregate share holdings in The South Indian Bank Limited by Foreign Institutional Investors (FIIs)/Non Resident Indian (NRIs)/Persons of Indian Origins (PIOs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company is withdrawn with immediate effect.

The equity shares of above bank can now be purchased through primary market and stock exchanges.

It may also be noted that all the approvals received against the said scrip are duly cancelled.

Ajit Prasad
Assistant General Manager

Press Release : 2012-2013/2183