Monitoring system for foreign portfolio investors to undergo HDFC Bank test

Shares worth Rs 92 bn available from today for global funds

The new system for monitoring the limits on investment flows from abroad will undergo their first big test on Monday. That is when shares worth Rs 92 billion ($1.38 billion) in HDFC Bank will open for foreign portfolio investor (FPI) buying. 

According to information on the websites of  National Securities Depository (NSDL) and Central Depository Services (CDSL), both responsible for monitoring of FPI shareholding in listed firms, room has been created to buy 43.6 million shares (1.68 per cent stake) in the country’s highest valued bank has been created.

Fresh FPI buying in the bank is being permitted for the