The Reserve Bank of India has today notified that the aggregate share holding in Andhra Bank by Foreign Institutional Investors (FIIs) / Non Resident Indians (NRIs) / Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) have gone below the trigger limit of 18 per cent of their paid up capital. It will therefore be in order to purchase equity shares of the Andhra Bank on behalf of FIIs/ NRIs/PIOs who have obtained permission to invest under the Portfolio Investment Scheme.

Ajit Prasad
Manager