Reserve Bank of India (RBI) has barred foreign institutional investors (FIIs) from purchasing shares in HDFC Bank after their shareholding reached the maximum prescribed limit.
Meanwhile, the bank garnered the maximum amount of funds via the concessional swap window for FCNR (B) deposits. The window, made available by the RBI to banks in order to attract dollar inflows to stabilise the rupee, was open from September 4 to November 30.
HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its 28.5 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.
