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
