Investment by NRIs/OCBs/PIOs & FIIs in shares of Public Sector Banks - आरबीआई - Reserve Bank of India
Investment by NRIs/OCBs/PIOs & FIIs in shares of Public Sector Banks
The Reserve Bank of India on January 7, 2000, has notified that no further purchases of shares of State Bank of India should be made on behalf of non-resident Indians (NRIs)/overseas corporate bodies (OCBs)/persons of Indian origin (PIOs) and foreign institutional investors (FIIs) without obtaining prior approval of the Reserve Bank. The Reserve Bank has stated that the net purchases of equity shares of the above bank in the secondary markets has reached the limit of 18 per cent of its paid up equity capital.
Rupambara Padhi
Manager
Press Release : 1999-2000/888
Monitoring of Investments in Companies
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Click here for regulations relating to ceilings on FII/NRI/OCB/PIO investments Click here to know how the Reserve Bank of India monitors the ceilings Click here for the public sector banks in which 18% investment limit is reached |
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