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Article: RBI allows 49 pc foreign investment in South Indian Bank.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- August 4, 2006
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RBI allows 49 pc foreign investment in South Indian Bank
Mumbai, Aug 3 (PTI) Reserve Bank of India today allowed foreign investment in the South Indian Bank Ltd up to 49 per cent of its paid up capital.
"Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares ...