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SBI could receive $466 million in passive inflows if FII limit is raised
State Bank of India could attract up to $466 million in passive inflows if the foreign investment limit for public-sector banks is raised from 20% to 26%, Nuvama Institutional Equities said. The move would allow higher MSCI index weightings. The government is reportedly considering the change as part of reforms to boost capital while retaining at least 51% public ownership in PSBs.
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