The Government of India has appointed two more members on the Central Board of Directors of the Reserve Bank of India. The new Directors are:

The Reserve Bank of India today notified that The Karur Vysya Bank Limited has agreed to enhance the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs), through primary market and stock exchanges, under the Portfolio Investment Scheme (PIS) up to 35 per cent of its total paid up capital. The company has passed a resolution at the Board of Directors' level and a special resolution to this effect by the shareholders.

The Reserve Bank of India today notified that M/s. Jain Irrigation Systems Limited has agreed to enhance the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs), through primary market and stock exchanges, under the Portfolio Investment Scheme (PIS) up to 60 per cent of its total paid up capital. The company has passed a resolution at the Board of Directors' level and a special resolution to this effect by the shareholders.

The result of the RBI Reverse Repo auction held today is as under: