The Reserve Bank of India has removed Induslnd Bank from its caution list and allows buying of further shares by foreign investors.

RBI said in a release that “The aggregate shareholdings in IndusInd Bank by non-resident Indians/persons of Indian origin/foreign institutional investors/registered foreign portfolios investors through global depository receipts/American depository receipts/foreign direct investment in primary/secondary markets have gone below the prescribed threshold limit.”

“Hence, the restrictions placed on the purchase of shares of the above bank are withdrawn with immediate effect,” it said.

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