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Holding limit reached in Andhra Bank

Our Bureau

Mumbai, Sept. 19

The aggregate foreign share holdings by FIIs, NRIs, PIOs in Andhra Bank has reached the limit of 18 per cent of its paid up capital.

The RBI has notified that further purchases of equity shares on behalf of FIIs, NRIs and PIOs will be allowed only on obtaining its prior approval.

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Stories in this Section
CSB to launch VISA money transfer


Rupee gains due to dollar inflows
Insurers may get leeway on tie-ups for micro products
Aviva Life to sponsor 40 ball kids
Bond prices continue to rally
Forex reserves: Reddy for low-risk investments
PSBs liquidating non-SLR investments
Holding limit reached in Andhra Bank
Exim Bank sanctions Rs 180-cr line of credit to Dubai co ETA
Call rates up
ABOA unit office-bearers


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