Private lender Yes Bank on Thursday said approval by the Government to hike the foreign investment limit to 74 per cent will enhance its flexibility in raising capital at a global level, going forward. It is expected to bring in foreign direct investment (FDI) of the order of $1 billion (Rs 6,885 crore) into the bank. The Cabinet Committee on Economic Affairs (CCEA) on Wednesday allowed the bank to increase foreign investment limit to 74 per cent, from 41.87 per cent earlier. “The increase in limit will provide Yes Bank with significant enhanced flexibility in global capital raising, going forward. Yes Bank already has an enabling approval from its board of directors to raise an additional $1 billion of equity capital,” the bank said.