fund flows

NSE indices shakeup to trigger $633 million inflows for 5 PSU stocks

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NSE indices shakeup to trigger 3 million inflows for 5 PSU stocks

The NSE Indices Committee recently announced the September 2024 semi-annual reshuffle, affecting major indices such as the Nifty 50, Next 50, Nifty 100, and Nifty Bank. Effective September 30th, these adjustments are expected to significantly impact fund flows within the market. Two sectors, in particular, are poised for significant activity: retail and defense. In the … Read more

Foreign banks seek leeway on LEF rules for Nostro accounts

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Foreign banks seek leeway on LEF rules for Nostro accounts

At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank’s Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions. Banks have requested the Reserve Bank of India (RBI) to consider excluding Nostro accounts from … Read more