Private sector lenders HDFC Bank and IndusInd Bank have been put in the so-called ‘red flag’ list, a system used for monitoring foreign portfolio investor (FPI) limits. A listed company enters the list when the available legroom for overseas investment is less than 3 per cent of the permissible limit.
FPIs can invest up to 74 per cent in both HDFC Bank and IndusInd Bank. The current FPI shareholding in case of HDFC Bank is 71.3 per cent, while that of IndusInd Bank is 73. 1 per cent, data provided by depository firm NSDL shows.
Shares of HDFC Bank are