The Reserve Bank of India has today notified that the aggregate foreign share holdings by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Non Resident Indian (NRI)/Persons of Indian Origin (PIO)/Foreign Direct Investment (FDI)/American Depository Receipts (ADR)/Global Depository Receipts (GDR) under Portfolio Investment Scheme (PIS) in M/s The South Indian Bank Ltd have gone below the prescribed threshold caution limit stipulated under the extant FDI policy. Hence, the restrictions placed on the purchase of shares of the above company vide Press Release No 2016-2017/696 dated September 16, 2016 are withdrawn with immediate effect.

Anirudha D. Jadhav
Assistant Manager

Press Release: 2016-2017/2367