SBI rose over 2% and touched the day’s high of Rs2089 on the BSE, on reports that the bank has signed an agreement with brokerage firm Geojit BNP Paribas Financial Services.
Reports said that the State Bank of India (SBI) has signed an agreement with brokerage firm Geojit BNP Paribas Financial Services to offer portfolio investment services (PIS) to Non-Resident Indians ( NRIs).
' NRIs would be able to use the PIS account to trade in shares and convertible debentures through stock exchanges, and the investments would have both options of being repatriable or non-repatriable,' the report suggests.
At 11.37 am, SBI was trading at Rs2094, up by 2.29%, with a volume of 2.26 lakh shares on the BSE.
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Reports said that the State Bank of India (SBI) has signed an agreement with brokerage firm Geojit BNP Paribas Financial Services to offer portfolio investment services (PIS) to Non-Resident Indians ( NRIs).
' NRIs would be able to use the PIS account to trade in shares and convertible debentures through stock exchanges, and the investments would have both options of being repatriable or non-repatriable,' the report suggests.
At 11.37 am, SBI was trading at Rs2094, up by 2.29%, with a volume of 2.26 lakh shares on the BSE.
....more info