The Reserve Bank of India has notified on November 23, 2006 that Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can now purchase under Portfolio Investment Scheme (PIS) equity shares and convertible debentures of Yes Bank Ltd., through primary markets and stock exchanges in India upto 49 per cent of its paid up capital, as the company has passed resolutions to this effect at its Board of Directors' and General Body Meetings.
