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Monitoring of Foreign Investment under the PIS in Indian Companies - Incorporation in Caution List - FIIs/NRI/PIO/FDI/ADR/GDRs : The South Indian Bank Ltd

The Reserve Bank of India has today notified that the foreign share holding through Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)/Foreign Direct Investment (FDI)/American Depository Receipt (ADR)/Global Depository Receipts (GDRs) in The South Indian Bank Ltd. has reached the trigger limit. Hence, further purchases of equity shares of The South Indian Bank Ltd. would be allowed only after obtaining prior approval of the Reserve Bank of India.

Ajit Prasad
Assistant General Manager

Press Release: 2013-2014/1930

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