Domestic Institutional Investors (DIIs) are institutional investors like mutual funds, insurance companies, pension funds, and banks which undertake investment in securities and other financial assets of their country. Similar to Foreign Institutional Investors (FIIs), DIIs also play a vital role in shaping the Indian Stock Market as they can significantly influence the Investment inflows and outflows of the Indian economy.
Here are some of the banking stocks in which DIIs increased their stake by up to 8 percent in Q3
The shares of IndusInd Bank Ltd, with a market capitalization of Rs 80,491.62 Crores, as of Wednesday, closed at Rs 1,039 per share which was around 1.4 percent down from its previous close of Rs 1,054.
In the shareholding pattern, the DIIs has increased their stake in IndusInd Bank Limited from 34.6 percent in the September quarter of 2024 to 42.43 percent stake in the December quarter of 2024 marking an increase of 7.8 percent.
In IndusInd Bank, Promoters hold a stake of 16.3 percent, FIIs hold 24.74 percent, Government holding 0.4 percent, and public holds 16.16 percent as of December 2024.
The bank is engaged in providing various financial services and offers a wide range of products and services for individuals and corporates, including microfinance, personal loans, vehicle loans, credit cards and SME loans. The Bank’s business lines include corporate banking, retail banking, treasury and foreign exchange, investment banking, capital markets, NRI/HNI banking, etc.
The shares of Bank Of Maharashtra, with a market capitalization of Rs 37,604 Crores, as of Wednesday, closed at Rs 48.8 per share which was around 1.5 percent higher than its previous close of Rs 48.1.
In the shareholding pattern, the DIIs has increased their stake in IndusInd Bank Limited from 4.46 percent in the September quarter of 2024 to 10.88 percent stake in the December quarter of 2024 marking an increase of 6.42 percent.
In Bank Of Maharashtra, Promoters hold a stake of 79.60 percent, FIIs hold 1.54 percent, and the public holds 7.99 percent as of December 2024.
Bank of Maharashtra is a Public Sector Bank (PSB) in Maharashtra, offering personal banking, cash management, retail loans and other financial services. Their services include deposits, savings/current bank account, vehicle loans, personal loans, retail trade finance, global banking, lending to priority sector and small scale sector, foreign exchange and export finance, corporate loans and equipment loans.
The shares of IDFC First Bank Ltd,with a market capitalization of Rs 45,556 Crores, as of Wednesday, closed at Rs 62.2 per share which was around 0.84 percent higher than its previous close of Rs 61.6.
In the shareholding pattern, the DIIs has increased their stake in IDFC First Bank Ltd from 11.73 percent in the September quarter of 2024 to 16.14 percent stake in the December quarter of 2024 marking an increase of 4.41 percent.
In IDFC First Bank, FIIs hold a stake of 27.12 percent, Government holds 9.17 percent, and the public holds 47.57 percent as of December 2024.
IDFC FIRST Bank is a Universal Bank, offering a comprehensive range of services, including Retail, MSME, Rural, Startups, Corporate Banking, Cash Management, Wealth Management, Deposits, Government Banking, Working Capital, Trade Finance, and Treasury solutions. It has financed over 40 million customers, providing lifestyle, vehicle, SME, home, and various other loans, including to women entrepreneurs.
Written By Adhvaitha Nayani
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