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RBI nod for J&K Bank
NEW DELHI,
SEPT. 15.
The Jammu and Kashmir Bank today announced that it had received the Reserve Bank of India approval to increase investment of foreign institutional investors (FIIs) to 33 per cent of the paid-up equity capital of the bank. At present, FIIs hold 21.84 per cent of the paid-up equity capital of the bank and were restricted by the cap, which has now been raised to 33 per cent. — Our Special Correspondent
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