Yes Bank board approves increase in FII limit to 49 pc

Yes Bank Ltd today raised the foreign instituional investors' (FII) limit in the bank to 49 per cent from the existing 24 per cent, during the meeting of the board of directors of the company today.

The bank also raised the NRI limit to 24 per cent from the existing ten per cent during the same meeting, the bank informed the Bombay Stock Exchange (BSE).

The proposal is subject to the approval of the shareholders at the company's general meeting.