Axis Bank has received approval from Reserve Bank to raise foreign shareholding from the existing 60 % up to 62 % . The Portfolio Investment Scheme ( PIS ) will now allow foreign institutional investors and registered foreign institutional investors to invest 62 % of the paid - up capital of Axis bank . Following resolutions made by board members and shareholders , the new bank will also seek to raise the limit for purchase of its shares .
Axis Bank has received permission from Reserve Bank to raise foreign shareholding from the existing 49% up to 62%. The Portfolio Investment Scheme (PIS) will now allow foreign institutional investors and registered foreign portfolio investors to invest 62% of the paid-up capital of Axis Bank. Following resolutions made by board members and shareholders, the new agreements will also work to enhance the limit for purchase of its shares.