Lured by US assets, FIIs abandon India
Friday, December 28, 2018, 7:07 AM
This year has been a brutal one for emerging markets (EMs), including India, with investor portfolios sinking deeper into the red. Amid stock market volatility, foreign institutional investors (FIIs) fled India and equity markets saw a net outflow of $4.58 billion, the steepest sell-off in a decade. Domestic institutional investors invested a record Rs.1.09 trillion in Indian equities in 2018.
Yes Bank gets SEBI nod for custodian of securities business
Monday, June 18, 2018, 6:50 PM
Yes Bank today said it has received approval from market regulator Securities and Exchange Board of India (SEBI) for acting as custodian of securities. Custodian of securities is a licence granted by Sebi to eligible entities allowing them to offer custodial services to financial market participants including foreign institutional investors (FIIs) and foreign portfolio investors (FPIs).