InvestorQ : Who issued the red flag list for the private banks (HDFC, INDUsindh bank
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Who issued the red flag list for the private banks (HDFC, INDUsindh bank

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Archita Jajjoo answered.
4 months ago
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Red flat list with respect to banks is issued by the RBI when the foreign holdings in banking stocks enters up to 3% within the limit permitted by the RBI. In both the cases, the foreign holding limit is 74% and in both the cases the foreign limit had crossed 71% leading to the RBI issuing the Red Flag alert. The red flat alerts are issued by the RBI based on the ownership update submitted to the RBI by NSDL. Custodians are also required to highlight such alerts to the RBI.
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