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Portfolio Investment Scheme News

FDI Limit for HDFC Bank Has Been Raised To 74%
The long-pending issue of raising FDI limit in HDFC bank has received a clearance from the Cabinet Committee on Economic Affairs (CCEA) on Wednesday. As part of the approval, the bank can now have foreign shareholding up to 74% as against ...

What is a portfolio investment scheme for NRIs/PIOs?
A Non Resident Indian (NRI) and Persons of Indian Origin (PIO) can invest in shares and convertible debentures in India only through a Portfolio Investment Scheme (PIS). The NRI or the PIO has to approach a bank to open such ...
RBI allows up to 30% stake in Dabur India by FIIs
The Reserve Bank of India in a press release notified that FIIs or Foreign Institutional Investors can now up their stake in Dabur India Limited to 30%. In a release the apex body said "Foreign Institutional Investors (FIIs), through primary market ...
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