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South Indian Bank Ltd - RBI approval for alteration of the object clause of the Memorandum of Association of the Bank

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South Indian Bank Ltd - RBI approval for alteration of the object clause of the Memorandum of Association of the Bank

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Mumbai: 

Highlights

  1. The board at its meeting held on October 29, 2011 has approved for the same
South Indian Bank Ltd has informed BSE that Reserve Bank of India vide DBOD dt. March 24, 2011 has given its approval for altering the object clause of the Memorandum of Association of the Bank to form a Non-Deposit taking NBFC as a wholly owned subsidiary. The approval was taken on record by the board at its meeting held on March 30, 2011.

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