Description

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

Summary

BSE has revised Market Wide Position Limits (MWPL) for HDFC Bank Ltd derivatives contracts, applicable from August 26, 2025. The circular modifies existing limits for stock brokers, FPIs, and mutual funds trading HDFC Bank stock derivatives.

Key Points

  • MWPL revised to 2,655,803,964 shares (1% of non-promoter holdings)
  • Overall stock limit for TM, FII, FPI Category I & MF: 132,790,198 shares (20% of MWPL)
  • FPI Category II (non-individuals): 531,160,300 shares (10% of MWPL)
  • FPI Category II (individuals, family offices, corporates): 265,579,600 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 notice no. 20250731-57 dated July 31, 2025. The revision adjusts position limits based on updated non-promoter holdings calculations.

Compliance Requirements

  • All members and participants must adhere to revised limits
  • Stock brokers, FPIs (Category I & II), and Mutual Funds affected
  • Position monitoring required as per new thresholds

Important Dates

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

Impact Assessment

The revision affects derivatives trading capacity for HDFC Bank, one of India’s largest private banks. Market participants must adjust their position strategies accordingly. The change reflects updated shareholding patterns and ensures appropriate risk management in derivatives markets.

Impact Justification

Affects position limits for major bank's derivatives but is routine regulatory adjustment