News From Press FPIs, mutual funds hike stake in PSU banks in Q1

FPIs, mutual funds hike stake in PSU banks in Q1

Source: Business Standard Jul 19, 2017

Foreign portfolio investors (FPIs) and domestic mutual funds (MFs) have increased their stake in public sector banks (PSBs) in the April - June quarter (Q1FY18), on the expectation that there will be a resolution to the non-performing assets (NPAs) issue. Data sourced from Capitaline Plus shows that FPIs and MFs have increased their holdings in State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), Canara Bank and Andhra Bank.

Click here to read more>>

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Domestic funds splash $1 billion/day on shares in dip-buying spree

Non-life premiums fall 6.5% in September as crop, auto segments drag

Should you start deploying cash or wait in the sidelines? Aditya Sood answers

ET IN THE CLASSROOM: Importance of asset allocation

China action, Israel war pull off 4,800 points from Sensex. What should MF investors do?

Mid-cap Indian IT companies expected to outperform large-cap firms in FY25

Striking gold in stocks: How equity culture is taking India’s households by storm

EXPLAINER | How MF Lite gives a fillip to passive funds

Northern Arc aims to raise Rs 1,000 cr through alternate investment fund

Equity rally fuels fastest quarterly growth in MF assets in five years

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS