RBI said foreign shareholding limit in Yes Bank through FIIs/ Registered Foreign Portfolios Investors (RFPIs)/ NRIs/ Persons of Indian Origin/ Foreign Direct Investment/ American Depository Receipt/Global Depository Receipts has reached the trigger limit.
"Therefore, further purchases of equity shares of this bank would be allowed only after obtaining prior approval of the Reserve Bank," RBI said in a release.
RBI monitors the ceilings on FII/NRI/PIO investments in Indian companies on a daily basis.
FIIs held 45.04 per cent shares in Yes Bank as of quarter ended June 2014, according to data on BSE.
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