I noticed that the promoter shareholding has dropped to zero. Can someone explain why this isn’t a concerning issue? Is it considered normal in banks? The number of retail shareholders has surged significantly. For example, HDFC Bank, with a market cap of around ₹9 lakh crore, has about 40 lakh shareholders, while IDFC First Bank, with just a ₹40,000 crore market cap, has 32 lakh shareholders , ICICI Bank is at 18 Lakh. Why is the equity of this bank being distributed so widely, and why isn’t anyone questioning this? We invest our hard-earned money, yet there are reports of equity being given away in large volumes. Isn’t it unrealistic to expect so many people to become wealthy simultaneously?
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