Foreign portfolio investors (FPIs) have consistently increased their stakes in three smallcap private banks in India over the past year, with data revealing a reduction in their holdings in largecap private banks. Karur Vysya Bank has seen a year-on-year rise in FPI holdings to 17.93% as at the end of March, while City Union Bank and Karnataka Bank likewise attracted increased stakes from foreign investors. However, holdings in Kotak Mahindra Bank decreased while Bank of Baroda saw a rise.
