For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    RBI lifts ban on FIIs buying Yes Bank shares

    By Super
    |
    RBI lifts ban on FIIs buying Yes Bank shares
    YES Bank: Quotes, News
    BSE 255.30BSE Quote11.15 (-4.37%)
    NSE 255.80NSE Quote10.65 (-4.16%)
    The RBI has lifted the ban on FIIs buying into the city-based Yes Bank following a fall in shareholding by them in the private lender.
     

    "The aggregate shareholdings in Yes Bank by foreign institutional investors under the portfolio investment scheme have gone below the prescribed threshold limit stipulated under the extant FDI policy (49 per cent). "Hence, the restrictions placed on the purchase of shares of the above company is withdrawn with immediate effect," the Reserve Bank today said in a statement. On March 4 this year, the regulator had banned FIIs from buying into Yes Bank shares as their limit of 49 per cent of its paid-up capital had been breached.

    FIIs, NRIs and persons of Indian origin are allowed to invest in the primary and secondary capital markets in the country under the portfolio investment scheme.

    PTI

    Read more about: rbi yes bank
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more