The Foreign Investment Promotion Board (FIPB) on Wednesday deferred a decision on HDFC Bank’s proposal to increase its foreign shareholding limit, as the commerce & industry department and the law ministry were yet to give comments on the issue. This means a decision on the issue might be taken only after a new government takes charge at the centre.
“All comments were not there. So, it was withdrawn from the list. We need more analysis,” said a finance ministry official after an hour-long FIPB meeting, where other items on the agenda were discussed. The official did not wish to be named, as the model code of conduct for general elections is in place.

Source - http://www.business-standard.com