FII holdings in banks surge

FII holding, in %

4-Sep

4-Dec

Change

Vijaya Bank

8.57

12.12

3.55

Andhra Bank

8.34

11.87

3.53

Bank of India

5.67

8.63

2.96

Union Bank of India

12.63

15.11

2.48

J & K Bank

20.37

22.69

2.32

HDFC Bank

26.69

28.99

2.30

UTI Bank

18.29

20.05

1.76

Kotak Mahindra Bank

17.38

19.11

1.73

Indian Overseas Bank

5.89

7.52

1.63

Syndicate Bank

0.85

2.30

1.45

Canara Bank

14.71

16.16

1.45

ICICI Bank

47.42

48.85

1.43

Punjab National Bank

12.76

14.15

1.39

Bank Of Rajasthan

5.02

6.31

1.29

Oriental Bank of Commerce

12.32

13.54

1.22

 FIIs increased their holdings in 24 banks (both public as well as private banks) by up to 4 percentage points during the quarter.  They increased their stakes in Andhra Bank, Vijaya Bank, Bank of India, Union Bank of India, Dena Bank, J&K Bank and HDFC Bank by more than 2 percentage points in the October-December 2004 quarter.  Among the public sector banks, Bank of Baroda has the highest FII holding now after they increased their stake from 16.98 per cent in March 2004 to 19.04 per cent in September and further to 19.56 per cent at the end of the December quarter.  In the universe of private banks, ICICI Bank has the maximum FII holding. The FIIs holding in ICICI Bank increased from 47.42 per cent at the end of the September quarter to 48.85 per cent at the end of December quarter.  In HDFC Bank and J&K Bank, the FIIs