The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in Bank of Baroda 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 of their paid up capital. Therefore, further purchases of shares of the above bank in the secondary market can be made on behalf of those FIIs/NRIs/PIOs 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 : 2009-2010/860