RBI allows foreign investment in IndusInd

RBI said restrictions imposed on purchase of IndusInd Bank’s shares by overseas investors have been withdrawn with immediate effect as foreign investors’ shareholding in the bank has gone below the threshold limit. “... the aggregate shareholdings by FIIs or NRIs or Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) in IndusInd Bank have gone below the prescribed threshold limit stipulated under the FDI Policy.