RBI restrains FIIs from invetsing in Dhanalakshmi Bank
RBI restrains FIIs from invetsing in Dhanalakshmi Bank The Reserve Bank of India (RBI) notified that, no further purchases of equity shares of the Dhanalakshmi Bank should be made on behalf of Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) through stock exchanges in India without obtaining the prior permission from the central bank. > The RBI stated that, FII investments of Dhanalakshmi Bank reached 22% of its paid up capital. Shares of the bank last closed down Rs 3.25, or 4.1%, to Rs 76. The total volume of shares traded was 468,459 at the BSE (Friday).
