Cabinet approved review of the FDI policy on various sectors provided in FDI Policy Circular for simplification of policy to attract FDI. In addition, Cabinet cleared extension of the scheme of recapitalization of weak regional rural banks for next 3 years to ensure their financial stability.

Commenting on the Increase in Composite FDI Cap,  Rana Kapoor, MD & CEO, Yes Bank said, ''Approval of Composite FDI Cap, while may appear procedural, is a significant reform for the economy as a whole as there will be more capital flowing into the system and significantly easing the procedural investment decisions by foreign investors."

"For the Banking Sector in particular, as also for Yes Bank it is a great development. Yes Bank  has already got board approval in April 2015 and an enabling approval from our shareholders for increasing the FII limit upto 74% in the AGM in June 2015.''