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80513447
ਪ੍ਰਕਾਸ਼ਿਤ ਤਾਰੀਖ ਫ਼ਰਵਰੀ 27, 2009
Investment by FIIs/NRIs/PIOs under PIS
The Reserve Bank of India has today notified that the percentage of foreign holdings in State Bank of India by Foreign Institutional Investors (FIIs)/ Non Resident Indians (NRIs) / Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) in Indian banks have gone below the trigger limit of 18% of its paid up capital. It will be, therefore, in order to purchase the shares of the above bank in the secondary market on behalf of FIIs/NRIs/PIOs clients 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 : 2008-2009/1400 |
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