CCEA approves increasing foreign holding in HDFC to 74%

Q.  The Cabinet Committee on Economic Affairs (CCEA) on 28th Jan’15 approved a proposal of which bank to raise the foreign holding limit to 74 per cent?
- Published on 23 Jan 15

a. Reserve Bank of India
b. Punjab National Bank
c. State bank of India
d. HDFC Bank

HDFC Bank would raise the fund through issuing of equity shares to non-resident Indians (NRIs) or foreign institutional investors (FIIs) or foreign portfolio investors (FPIs) subject to aggregate foreign shareholding not exceeding 74 per cent of the post issue paid up capital.

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