Press Releases

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Date : Mar 12, 2012
Investment by FIIs/NRIs/PIOs under PIS : M/s The South Indian Bank Limited

The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in M/s The South Indian Bank Limited by Foreign Institutional Investors (FIIs)/Non Resident Indian (NRIs)/Persons of Indian Origins (PIOs) in primary/secondary markets under Portfolio Investment Scheme (PIS) have reached the trigger limit. Therefore, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India.

R. R. Sinha
Deputy General Manager

Press Release: 2011-2012/1453


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