The result of the RBI Reverse Repo auction held today is as under:
The Reserve Bank of India has today notified that the aggregate share holdings in following Banks by Foreign Institutional Investors (FIIs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed trigger limit. Hence, these banks are being removed from the caution list for FII's investment and the restrictions placed on the purchase of shares of these banks are withdrawn with immediate effect.
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