MoneyWorks4Me

FIIs up their stake in HDFC Bank to 34.07% in March quarter

16 Apr 2013 Evaluate

Foreign Institutional Investors (FIIs) upped their holding in HDFC Bank from 33.66% to 34.07% during the January-March 2013 quarter. Additionally, the non-institutional investors (NIIs), which include small retail investors and HNI’s, too increased their stake marginally during the same quarter from 17.3% to 17.43%.

HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its 21 million customers across hundreds of Indian cities using multiple distribution channels including a pan- India network of branches, ATMs, phone banking, net banking and mobile banking. It currently has 2,776 branches and 10,490 ATMs across the country.

Peers
Company Name CMP
HDFC Bank 720.00
ICICI Bank 1292.60
Axis Bank 1209.00
Kotak Mahindra Bank 406.00
Indusind Bank 885.00
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