RBI allows FIIs to buy equity in Yes Bank

11/20/2014



  • The Reserve Bank today said FIIs can buy equity shares in private lender Yes Bank as shareholding by foreign investors has gone below the prescribed limit. 
  • The RBI has removed Yes Bank from its caution list of monitoring foreign investment following the dip in shareholding by foreign investors below the prescribed limit. 
  • Equity shares of Yes Bank can now be purchased through primary market and stock exchanges,” it added. 
  • As per the data available on the BSE, FIIs held 46.30 per cent in Yes Bank as of quarter ended September 2014

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