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Mumbai, Dec. 13

The Reserve Bank of India today in a press release said that investment by FIIs, NRIs and Persons of Indian Origin in Allahabad Bank has reached the limit of 18 per cent of its paid up capital. No further purchases of equity shares of Allahabad Bank can be made by FIIs, NRIs and PIOs under the portfolio investment scheme, without prior permission of the RBI.

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