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No further investment in SBI by NRIs: RBI
RBI today notified that no further purchases of shares of State Bank of India should be made on behalf of NRIs.
Published on: Dec 17, 2004, 20:31:00 IST
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The Reserve Bank of India on Thursday notified that no further purchases of shares of State Bank of India should be made on behalf of FIIs, NRIs or Persons of Indian Origin through stock exchanges in India.
The central bank in a statement said that this was due to SBI reaching the overall limit of 20 per cent of its paid up equity capital.
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