Mumbai: The Reserve Bank of India (RBI) on Thursday removed AU Small Finance Bank Ltd. (AU SFB), from its caution list for monitoring of foreign investment under Portfolio Investment Scheme (PIS), saying the aggregate foreign shareholding in the company has gone below the threshold caution limit. More From Livemint »ALSO READ: AU Small Finance Bank IPO subscribed 1.36 times on Day 2The central bank routinely lists companies where foreign shareholding is approaching the permitted limit. On Tuesday, the RBI added AU SFB to the list, since foreign institutional investors’ (FII) holding in the company was close to the limit of 49% permitted for small finance banks. Meanwhile, the Jaipur-based small finance bank’s 1,912-crore initial public offering (IPO) was oversubscribed on Day two. The portion reserved for non-institutional investors, retail individual investors and employees was subscribed 0.70 times, 1.07 times, and 0.44 time respectively.

Source: Mint June 29, 2017 15:22 UTC