PEOPLE’S BANK OF CHINA IS NO MORE A KEY STAKEHOLDER IN HDFC BANK

Highlights

• China’s central bank was holding 17.5 million shares or 1.01 percent in HDFC that is valued at Rs 3,300 crore

• The shares of HDFC had plunged 40 percent in the month of March but rebounded in April by 30 percent

• The market experts claim that PBoC could have trimmed its stake to avoid public glare

According to the June quarter shareholding disclosure made by the HDFC, ....