This was in stark contrast to their positions a decade ago when FPIs were bullish on the local market and invested ₹75,784 crore in the 12 months to May 2014 while domestic funds were net sellers of ₹18,858 crore worth of equities. Major reasons for the FPIs’ bearish stance this time around include discomfort with the financial stocks amid regulatory actions, attractive valuations in the Chinese market and increasing US treasury yields.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding