The Hindu Business Line : FIIs, NRIs can buy Centurion, OBC shares

THE Reserve Bank of India has notified that foreign institutional investors (FIIs) and non-resident Indians (NRIs) can purchase the shares of the Oriental Bank of Commerce (OBC) and Centurion Bank in the secondary market under the portfolio investment scheme subject to the existing ceilings and guidelines in this regard.

The percentage of foreign holdings under the portfolio investment scheme in Oriental Bank of Commerce has gone below 18 per cent while that in Centurion Bank has gone below 72 per cent thereby giving FIIs and NRIs more headroom.

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