London, Aug. 3 (Bloomberg): HSBC Holdings said it is waiting for the Indian government to take a final decision on foreign ownership limits in local banks before deciding whether to pare its stake in UTI Bank.

The London-based HSBC paid $67.6 million to a unit of Actis Capital LLP to acquire the 14.6 per cent stake in UTI Bank. The purchase was completed in June.

“The Indian government is keen to attract foreign direct investment into the country and I am sure they would take that into account when they come to the final decision,” David Eldon, executive director at HSBC said.