By Suhel Khan
As Foreign Institutional Investors (FII’s) continue their selling spree, which has been going on for quite a few months now, investors are getting more worried about their movements. No one knows the exact reason for the ongoing exodus, but every investor is trying to save their nest egg from the wrath of stock market movements that the FII selling could cause.
Recently, two of India’s leading banks probably fell out of favour for the FII’s. The FII holding in these banks have seen a decline of as high as 10%, which is a big drop.
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And this has happened in an environment where a lot of analysts and money managers believe that banks may be worth a look as a lucrative investment opportunity.
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Which makes knowing about these sell offs a must.
Here are the banks that have seen a sharp decline in FII Holdings.
#1 IndusInd Bank Ltd (IBL)
IBL is the 5th largest private sector bank in India, serving over 40M customers nationwide. It is also India’s 2nd largest microfinance lender, operating through its subsidiary Bharat Financial Inclusion Limited (BFIL), serving over 13M customers.
With a current market cap of Rs 78,562 cr, the Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations.
If we look at the FII holding for the company for the last year, here is how it looks:
FII Holding PatternDec-23Mar-24Jun-24Sep-24Dec-2442.47%40.25%38.4%34.11%27.74%
As you can see, the FII holing in the bank has been steadily on the decline for the last year. Between the quarter ending December 2023 and the one ending December 2024, the FII holding dropped by about 35% in just one year.
As per the exchange filings made for the quarter ending December 2024, Route One Offshore Master Fund holds 1.78%,
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