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RBI lifts ban on FIIs buying in Bank of Baroda

23 Jul 2014 Evaluate

Reserve Bank of India (RBI) has lifted ban imposed on foreign institutional investors (FIIs) to buy shares in state-owned lender Bank of Baroda (BoB), as the foreign shareholding under portfolio investment scheme (PIS) in the bank has gone below the prescribed limit.

Equity shares of Bank of Baroda can now be purchased through primary market and stock exchanges. FIIs held 16.95% stake in the bank as of the quarter ended June 2014.

Peers
Company Name CMP
State Bank Of India 957.25
PNB 112.00
Bank Of Baroda 232.80
Canara Bank 117.65
Union Bank Of India 168.40
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