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YES Bank receives Government of India: CCEA approval to increase Foreign Investment Limit to 74%

YES Bank receives Government of India: CCEA approval to increase Foreign Investment Limit to 74%

May 26, 2016, at 08:26 pm

Mumbai, May 26 (IBNS): YES Bank, India’s 5th largest private sector Bank has received approval from The Cabinet Committee on Economic Affairs (CCEA) chaired by the Honorable Prime Minister Narendra Modi for increase in foreign investment limit to 74% without any sub-limits, including for investments by QFIs or FPIs under the Portfolio Investment Scheme (PIS) by acquisition of permissible securities on stock exchanges (except NRIs).