SIX PSU BANKS POISED FOR MSCI PASSIVE INFLOWS IF FII HOLDING LIMITS ARE HIKED

The government is considereing to increase the FII holding limit in PSU banks from currently 20% to proposed of 26%. In case the porposal is approved, the below banks are likely to receive passive MSCI inflows to the tune of $1 billion.

- while the current FII shareholding stands at 10%, it could receive inflows to the tune of $466 million - currently it has 8% FII shareholding, can expected inflows to the tune of $76 million - FII shareholding currently stands at 6%, is likely to receive passive inflows worth $76 million - FII shareholding currently stands at 11%, and is anticipating passive inflows to the tune of $64 million - FII shareholding currently stands at 7.7%, it is likely to see passive inflows to the tune of $62 million - currently it has 4.5% FII shareholding, and can expected inflows to the tune of $177 million