Financial Services News

FPIs: FPIs increase bets on banks as credit growth picks up

FPIs’ total equity portfolio was valued at $602 billion at the end of November 15.


The amount of FPI inflows in financial services during the fortnight is the highest in the sector since February 2021. As a result, the share of financial services in FPIs’ equity portfolio reached 32.28% as of November 15, 2022 – the highest in 18 months. Financial services is the highest weighted sector for the FPIs.

ET Intelligence Group: Improving credit demand – a leading indicator of growth – and a sharp turnaround in earnings of public sector banks have made foreign investors raise their bets on Indian financial services stocks as they reversed their outlook on equities of Asia’s third-largest economy in the last one month.

Foreign portfolio investors (FPIs) invested over 39% of their total inflows of $3.5 billion in the fortnight ended November 15 in

  • SAVE

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

Source link

Leave a Comment