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Investment by FIIs/NRIs/PIOs under PIS : Canara Bank

This article was posted on Feb 17, 2008 and is filed under Press Releases

The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can now purchase equity shares of Canara Bank under Portfolio Investment Scheme (PIS), through secondary market in India. The Reserve Bank of India has stated that Canara Bank has gone below the trigger limit of 20 per cent of its paid up capital.

Sourced From: Reserve Bank of India

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