Axis Bank Ltd.

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.