 "Sebi")
The Securities and Exchange of India (Sebi) and the Reserve Bank of India (RBI) met on Monday to discuss the breach of foreign portfolio investor cap in HDFC Bank, said sources with knowledge of the development.
The regulators discussed whether new systems can be put in place for monitoring of shareholdings to avoid breach of foreign portfolio investor (FPI) limits in future. The meeting was trigged by the breach of 74 per cent FPI cap in HDFC Bank during Friday’s trade.
Custodians, who are responsible for FPI trading and settlement, were also part of the meeting. “The meeting was to discuss better
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