HDFC Bank, IndusInd in ‘red flag’ checklist on nearing international funding cap

HDFC Bank & IndusInd Bank have been put within the ‘red flag’ checklist, a system used for monitoring international portfolio investor (FPI) limits. A listed firm enters the checklist when the accessible legroom for abroad funding is lower than 3% of the permissible restrict. FPIs can make investments as much as 74% in each HDFC Bank and IndusInd Bank.

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The present FPI shareholding in case of HDFC Bank is 71.3 per cent, whereas that of IndusInd Bank is 73. 1 per cent. Besides these two, Novartis India and Procter & Gamble Hygiene and Health Care are the one different corporations within the red-flag checklist.

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