The Reserve Bank of India today said it will no more allow foreign investors to purchase shares of IndusInd Bank as their investment in the private lender has reached the trigger limit. "The RBI has today notified that the aggregate net purchases of equity shares in Indusind Bank by FIIs/NRIs/PIOs under Portfolio Investment Scheme (PIS) in the primary/secondary markets have reached the trigger limit. "Hence, the company has been included in the ban list of RBI (for purchase of equity shares by FIIs/NRIs/PIOs)," the central bank said in statement.
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