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RBI hikes Yes Bank’s foreign holding limit to 74%

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8 years ago

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rbiMumbai:Reserve Bank of India (RBI) on Friday increased private sector Yes Bank’s foreign holding limit to 74 per cent of the paid-up capital, under the portfolio investment scheme.

RBI, in a release here said foreign institutional investors (FIIs) and registered foreign portfolios investors (RFPIs) can now invest up to 74 per cent, from the existing 60 per cent, of the paid-up capital of Yes Bank under the Portfolio Investment Scheme (PIS).

“Yes Bank has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs,” the release said.

Investors can make the purchases through the primary market and stock exchanges, it added.

A union cabinet panel had last month approved Yes Bank’s proposal to increase foreign investment limit in the bank to 74 per cent, entailing FDI inflows of up to $1 billion.

It got the approval to raise the limit without any sub- limits for investment by way of issue of non-equity shares and/or other permissible instruments to eligible non-resident investors.

Yes Bank already has an enabling approval from its board to raise an additional $1 billion of equity capital.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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