Monday, September 06 2010 Home arrow Main News arrow FIIs, NRIs and PIOs would be allowed to purchase equity of Oriental Bank


 
 
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FIIs, NRIs and PIOs would be allowed to purchase equity of Oriental Bank PDF Print E-mail

ImageRBI allowed non- residents, including FIIs, to pick up equity of state-owned Oriental Bank of Commerce (OBC) under the portfolio investment scheme. 


The RBI decision follows decline in the investment by foreign institutional investors (FIIs), Persons of Indian Origin (PIOs) and Non-Resident Indians (NRIs) below the threshold limit of 18 per cent in the equity

RBI allowed non- residents, including FIIs, to pick up equity of state-owned Oriental Bank of Commerce (OBC) under the portfolio investment scheme. 


The RBI decision follows decline in the investment by foreign institutional investors (FIIs), Persons of Indian Origin (PIOs) and Non-Resident Indians (NRIs) below the threshold limit of 18 per cent in the equity of OBC.(ddn)
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