Sebi, RBI discuss monitoring foreign investors in real time

Talks held after recent breach of foreign shareholding cap in HDFC Bank

Spooked by a recent breach of foreign ownership limit at HDFC Bank, regulators and intermediaries are grappling with the question of monitoring foreign investors in real time. 

Both held talks on exchange of data to track real-time behaviour of foreign investors. According to sources, the Securities and Exchange of India (Sebi) and the Reserve Bank of India (RBI) met last week to discuss the February 17 breach at HDFC Bank. They also discussed whether new systems can be installed to observe foreign shareholdings and prevent breaches of investment limits. 

At present, only the RBI monitors foreign investments daily. Its alarm goes off