The Reserve Bank of India has today notified that the aggregate share holdings by Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under the Portfolio Investment Scheme (PIS) in Indusind Bank Ltd. have gone below the prescribed threshold limit stipulated under the FDI Policy. Therefore, the restrictions placed on the purchase of shares of the above bank are withdrawn with immediate effect. The name of Indusind Bank Ltd. has been removed from the Ban list and has been incorporated in the caution list. Hence, further purchases of equity shares of this bank would be allowed only after obtaining prior approval of Reserve Bank of India.

R.R. Sinha
Deputy General Manager

Press Release : 2010-2011/1099