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Tag Archives: RBI

New Rs. 20 Notes To Be Issued Soon

Reserve Bank of India has said it will shortly issue Rs. 20 banknotes in the Mahatma Gandhi Series. The new Rs. 20 notes have the inset letter ‘S’ in both the number panels and the signature of RBI Governor Urjit Patel, the central bank said. “All the banknotes in the ... Read More »

RBI lifts restriction on foreign investment in IDFC

Reserve Bank of India has notified that the foreign shareholding by Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) in IDFC have gone below the prescribed FII/FPI investment limit. Accordingly, the restrictions placed on the purchase of shares by FII/FPI of the company are withdrawn with immediate effect. IDFC is ... Read More »

FII investments reach trigger limit in Parag Milk Foods

Reserve Bank of India (RBI) has notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in Parag Milk Foods has reached the trigger limit. Accordingly, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI. Parag Milk ... Read More »

FII investments reach trigger limit in Byke Hospitality

Reserve Bank of India (RBI) has notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in Byke Hospitality has reached the trigger limit. Accordingly, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI. Byke Hospitality is ... Read More »

RBI caps FII investment in CCL Products

Reserve Bank of India (RBI) has notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in CCL Products (India) has crossed limit of 24% of its paid-up capital. Therefore, no further purchase of shares of this company would be allowed through Stock Exchanges in India on ... Read More »

RBI restricts foreign investors from buying in Fortis Healthcare

The Reserve Bank of India (RBI) has restricted the Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in Fortis Healthcare as the foreign investors have crossed the overall limit of 24% of paid-up capital of the company. RBI monitors ceilings on FII/NRI/PIO investments in Indian companies on a daily basis. Fortis ... Read More »

IDBI Bank to approach NCLT to recover bad loans: Report

IDBI Bank is reportedly planning to approach National Company Law Tribunal (NCLT) to recover bad loans worth Rs 100 crore from a company. A bank can file a case in NCLT to recover debt under Insolvency and Bankruptcy Code. The bank’s total NPLs are worth Rs 20,949 crore. Under the ... Read More »

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