The Reserve Bank of India (RBI) has withdrawn the restrictions placed on non-resident indians (NRI), persons of Indian origin (PIO), foreign institutional investors (FII) and registered foreign portfolios investors (RFPIs) for the purchase of shares of IndusInd Bank.

The RBI said, "The aggregate share holdings in Induslnd Bank by NRI, PIO, FIIs and RFPIs through global depository receipts (GDR), American depository receipts (ADR) and foreign direct investment (FDI) in the primary and secondary markets have gone below the prescribed threshold limit stipulated under the extant FDI policy."

"The equity shares of Induslnd Bank can now be purchased through primary market and stock exchanges," it added.

Shares of the company declined Rs 5.55, or 0.66%, to trade at Rs 834.50. The total volume of shares traded was 127,234 at the BSE (11.30 a.m., Monday).