PSU Banks May Attract $4 Billion in Passive Inflows as Government Considers Raising FII Cap to 49%
India’s public sector banks (PSBs) are poised for a significant boost in foreign capital inflows, with estimates suggesting up to $4 billion in passive investments if the government raises the foreign institutional investment (FII) cap from the current 20% to 49%. According to a report by Nuvama Institutional Equities, this potential policy shift could trigger…