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Record bank profits to boost loans to poor, MSMEs: PM Modi

India Business News: PM Narendra Modi praised banks for record profits in FY24, aiding the poor, farmers, and MSMEs. Challenges like bad loan provisions, bank insolvency,

MSCI Rejig: India may See $2.5b FII Inflows

Global index services provider MSCI has included 13 Indian stocks in its Global Standard Index and removed three. That takes the total count of domestic stocks on the MSCI indices to 146, up from 136.

MSCI Rejig: MSCI Rejig: India may see $2.5 billion FII inflows

Global passive funds, such as exchange-traded funds, structure their portfolios based on these indices. Any change in composition prompts these funds to adjust their allocations. The newly included stocks are JSW Energy, Canara Bank, Indus Towers, PB Fintech, Sundaram Finance, and NHPC. Berger Paints has been dropped, while Indraprastha Gas and Paytm s parent, One 97 Communications, have been downgraded to the small-cap index.

Why was Paytm removed from MSCI India index? Here are major entrants in the list

Textile Stocks In India - Are These Worth The Investments?