MSCI India, which currently has only ICICI Bank among private sector banks, may see inclusion of Axis Bank and Yes Bank on merger of FPI and FDI limits, analysts say.
Axis and Yes may have weight of 4 pct and 1 pct respectively in MSCI India – Analysts add
Weight of private banks in MSCI will rise from 2 pct now to 7 pct – Reuters
India’s federal budget removed the distinction between foreign direct investments and foreign portfolio investments
For HDFC Bank analysts say they need more clarity on whether the 21 pct shareholding of its parent is taken as domestic or not.
Source: Credit Suisse