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Foreign stake in HDFC Bank crosses 74% limit again: RBI

RBI monitors the ceilings on FII/NRI/PIO investments in Indian companies on a day-to-day basis

IANS  |  Mumbai 

Private sector HDFC Bank has again crossed the foreign investment limit prescribed as a percentage of paid-up capital for Indian companies, the Reserve Bank of India (RBI) said on Friday Only a day earlier, on Thursday, the RBI announced that such investments had fallen below the ceiling. The apex bank had said that foreign investors' holdings in HDFC Bank had fallen below the threshold limit prescribed under the foreign direct investment (FDI) policy. In a raction, foreign investors bought the stock, crossing then limit. "The foreign shareholding by American ...

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