Our Bureau

Mumbai, May 4

THE Reserve Bank of India (RBI) has said that FII investment in Oriental Bank of Commerce (OBC) has reached the upper limit of its paid-up capital.

The apex bank also notified that no further purchases of equity shares of the bank should be made by FIIs through stock exchanges in India without its prior permission. FII holding in OBC has reached the trigger limit of 18 per cent.

(This article was published in the Business Line print edition dated May 5, 2005)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.