MoneyWorks4Me

RBI allows FII buying in Axis Bank

04 Jun 2015 Evaluate

Reserve Bank of India (RBI) has removed restrictions placed on purchase of the Axis Bank’s shares by foreign institutional investors (FIIs) under the portfolio investment scheme. The RBI order takes effect immediately. This follows foreign shareholding in Axis Bank fall below the threshold limit. At end-March, FII holding in the bank stood at 46.64 per cent.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.

Peers
Company Name CMP
HDFC Bank 728.10
ICICI Bank 1396.80
Axis Bank 1286.45
Kotak Mahindra Bank 446.00
Indusind Bank 874.00
View more..