PSU banks to see up to $4 billion inflows if FII limit gets hiked: Report
India’s state-run banks could see a windfall of up to $4 billion in passive inflows if the government raises the foreign institutional investment (FII) limit to 49% from the current 20%, according to a report by Nuvama Institutional Equities. Nuvama’s analysis shows potential MSCI-linked inflows of around $3.98 billion across six major public sector lenders,…