China Central Bank Raises Stake in India’s Mortgage Lender

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The People’s Bank of China has raised its stake in Housing Development Finance Corp. to just over 1%. China’s central bank held about 17.5 million shares at the end of March, according to quarterly data filed by India’s biggest mortgage lender to exchanges. It is mandatory for companies to disclose shareholding of more than 1% at the end of every quarter. The PBOC held about 0.8% stake at the end of March 2019, Keki Mistry, vice-chairman and chief executive officer at the lender told BloombergQuint by phone. It has since raised its stake to more than 1% as of March this year, Mistry was cited as saying.


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