<h1>RBI Lifts Restrictions on Foreign Investment in Axis Bank; Foreign Stake Can Now Increase from 49% to 62.</h1> The Reserve Bank of India announced the removal of restrictions on foreign investment in Axis Bank Limited following government approval to increase foreign investment from 49% to 62% of the bank's equity share capital. The aggregate shareholdings by Foreign Institutional Investors, Non-Resident Indians, Persons of Indian Origin, Foreign Direct Investment, American Depository Receipts, and Global Depository Receipts have fallen below the cautionary threshold set by the current FDI policy. Consequently, the restrictions on purchasing shares of Axis Bank have been lifted immediately.