Private sector lender HDFC Bank hopeful of Aramco-like MSCI inclusion

Private sector lender HDFC Bank is hopeful that the proposed merger with the parent HDFC Ltd will pave the way for its entry into global indices such as the MSCI and FTSE.
 
The country’s largest bank in terms of market value—and the world’s seventh largest—is currently not part of any major global indices due to limited investment legroom for foreign portfolio investors (FPIs).
 
In an investor presentation, the bank has made a case for inclusion in the MSCI and FTSE indices.
 
“Index providers potentially may consider both free float percentage and free float value,” it has said.