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Foreign investors will be able to buy more shares in Induslnd Bank

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“Hence, the restrictions placed on the purchase of shares of the above bank are withdrawn with immediate effect,” it said.

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