2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC Bank
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IndusInd Bank
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PNB Bank
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Both A and B
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Detailed explanation-1: -Currently, HDFC Bank and IndusInd Bank have been placed in the “Red Flag” list.
Detailed explanation-2: -While HDFC - a non-banking finance company (NBFC) - is allowed to have 100% in foreign ownership, its banking arm HDFC Bank has a maximum permissible foreign limit set at 74%, as per Reserve Bank of India norms.
Detailed explanation-3: -The limits for FPI investment in Government securities (G-secs), State Development Loans (SDLs) and corporate bonds shall remain unchanged at 6%, 2% and 15% respectively, of outstanding stocks of securities for FY 2022-23.
Detailed explanation-4: -Category I: This includes investors from the Government sector. Such as central banks, Governmental agencies, and international or multilateral organizations or agencies. Category II: This category includes : Regulated broad-based funds such as mutual funds, investment trusts, insurance/reinsurance companies.
Detailed explanation-5: -Categories of FPI Government and government related foreign investors such as Central Banks, Sovereign Wealth Funds. Also includes banks, Asset Management Companies, investment managers / advisors, portfolio managers, broker dealers and swap dealers, University funds, and Pension funds.