The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, gave its approval to the proposal of HDFC Bank Limited for maintaining the permissible foreign holding in the bank up to 74% of the total paid up capital and issuance of equity shares aggregating to an amount of ₹ 10,000 crore to NRIs/FIIs/FPIs subject to aggregate foreign shareholding not exceeding 74 percent of the post issue paid up capital.

The approval would result in foreign investment of ₹ 10,000 crore (approximately) in the country.

Foreign shareholding limit: approval permits increased foreign holding and equity issuance to foreign investors subject to aggregate cap. Approval permits HDFC Bank Limited to maintain permissible foreign holding up to 74% of total paid up capital and to issue equity shares aggregating to Rs. 10,000 crore to NRIs/FIIs/FPIs, provided aggregate foreign shareholding does not exceed 74% of the post-issue paid up capital.