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Money & Banking - Private Banks
Markets - Foreign Institutional Investors
49 pc FII stake in SIB allowed

Our Bureau

Mumbai, Aug. 3

Foreign Institutional Investors (FIIs) can purchase shares of The South Indian Bank up to 49 per cent of its paid up capital, after its board passed a resolution to the effect, said Reserve Bank of India, in a press release on Thursday. FIIs can purchase shares under portfolio investment scheme (PIS) through primary and secondary markets in India, RBI said. — Our Bureau

More Stories on : Private Banks | Foreign Institutional Investors

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Stories in this Section
Rupee firmer against dollar


Birla Sun Life hikes capital base
49 pc FII stake in SIB allowed
Canara Bank upgrades Coimbatore office
PFC raises debt component to Nagarjuna Power Corpn
SBH prunes NRE rates
IOC keeps options open on tapping bond market
Bond prices flat
Call rate unchanged
UTI Bank launches credit card
BoI, UTI MF sign pact for micro pension plan


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