Description

BSE revises Market Wide Position Limits for HDFC Bank derivatives contracts effective August 26, 2025.

Summary

BSE has revised the Market Wide Position Limits (MWPL) for HDFC Bank Limited derivatives contracts. The new limits apply to Stock Brokers, Foreign Portfolio Investors (Categories I & II), and Mutual Funds, effective August 26, 2025.

Key Points

  • MWPL increased to 2,655,803,964 shares (1% of non-promoter holdings)
  • Overall stock limit for TMs, FIIs, FPI Category I & MFs: 531,160,300 shares (20% of MWPL)
  • FPI Category II (excluding individuals/family offices/corporates): 265,579,600 shares (10% of MWPL)
  • FPI Category II (individuals/family offices/corporates): 132,789,800 shares (5% of MWPL)
  • Scrip Code: 500180, ISIN: INE040A01034

Regulatory Changes

This circular partially modifies previous circular no. 20231229-46 dated December 29, 2023, and follows up on notice no. 20250731-57 dated July 31, 2025 regarding MWPL revisions.

Compliance Requirements

  • All members and participants must adhere to the revised position limits
  • Stock brokers, FPIs, and mutual funds must ensure compliance with their respective category limits
  • Risk monitoring teams should update their systems with new limits

Important Dates

  • Effective Date: August 26, 2025
  • Notice Date: August 25, 2025

Impact Assessment

The revision significantly increases position limits for HDFC Bank derivatives, potentially allowing for higher trading volumes and improved market liquidity. This change affects all derivative market participants dealing with HDFC Bank contracts and requires immediate system updates for compliance.

Impact Justification

Affects position limits for major banking stock derivatives