The Foreign Investment Promotion Board (FIPB) has approved the proposal of Yes Bank to increase its foreign investment limit to 74% from present 41%, making it the first bank to get approval for hiking FDI limit after the new regulations were announced in the last year. In November 2015, the government had removed sub-limit restrictions for foreign investments in private sector banks within the overall sectoral limit of 74%.
Yes Bank, India’s fifth largest private sector Bank, has a pan India presence across all 29 states and 7 Union Territories of India. The bank has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
