Reserve Bank of India (RBI) has allowed Foreign Institutional Investors (FIIs) to buy shares in Kotak Mahindra Bank. RBI has notified that the share holdings by FIIs/Registered Foreign Portfolios Investors (RFPIs) under Portfolio Investment Scheme in Kotak Mahindra Bank have gone below the prescribed threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the company are withdrawn with immediate effect.
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