The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in Bank of India by Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) has gone below the prescribed trigger limit. Therefore, further purchases of shares in the secondary market of this bank on behalf of FIIs/NRIs/PIOs would be allowed who have obtained permission to invest under the Portfolio Investment Scheme subject to the existing ceilings and guidelines in this regard.

Ajit Prasad
Manager

Press Release : 2009-2010/1783