Buy nod to FIIs may boost YES Bank

The Reserve Bank on Thursday said that foreign institutional investors can buy equity shares in YES Bank as shareholding by foreign investors has fallen below the prescribed limit The RBI has removed YES Bank from its caution list of monitoring foreign investment following the dip in their shareholding. FIIs, at the end of September 2014, held 46.30 per cent in YES Bank. The stock will react positively as FIIs have headroom now.