• search

RBI notification on Karnataka Bank equity share purchase

Written by: Staff

Mumbai, July 5 (UNI) The Reserve Bank of India today notified that no further purchases of equity shares of Karnataka Bank Ltd should be made on behalf of foreign institutional investors (FIIs)/Non Resident Indians(NRIs) and Persons of Indian Origin ((PIOs) through primary and secondary markets in the country under the Portfolio Investment Scheme (PIS) without obtaining the prior permission of the Reserve Bank.

The Reserve Bank has stated that Karnataka Bank Ltd has reached the limit of 22 per cent of its paid up capital.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more