<h1>Cabinet Approves Increase in Foreign Investment in Axis Bank to 74%, Bringing Rs. 12,973.14 Crore and Thousands of Jobs.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, approved an increase in foreign investment in Axis Bank from 62% to 74% of its total paid-up share capital. This investment will come from Foreign Institutional Investors, Foreign Portfolio Investors, Non-Resident Indians, and other foreign investment forms. The decision is expected to bring in foreign direct investment amounting to Rs. 12,973.14 crore and create approximately 6,000 to 7,000 jobs over the next three years.