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Monitoring of Foreign Investment under PIS in Indian Companies - Incorporation in Ban List : HDFC Bank Ltd

The Reserve Bank of India today notified that foreign share holding through Foreign Institutional Investors (FIIs)/Non Resident Indian (NRI)/Persons of Indian Origin (PIO)/Foreign Direct Investment (FDI)/Asset Development Reserve (ADR)/ Global Depository Receipt (GDR) in HDFC Bank Ltd. has crossed the overall limit of 49 per cent of its paid-up capital. Therefore, no further purchases of share of this bank would be allowed through stock exchanges in India on behalf of FII/NRI/PIO/FDI/ADR/GDRs.

Ajit Prasad
Assistant General Manager

Press Release : 2013-2014/1214

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