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No proposal to ban P-Notes: Damodaran |
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M Damodaran, Chairman, Sebi, said 18 months are sufficient to wind down positions. Sebi dosen't want non-expansion for some P-Notes with large positions, he said. "There is no proposal to ban PNs. Sebi may look at simplifying FII... |
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PNs can invest in India, but as FIIs: FM |
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Finance Minister P Chidambaram has issued a statement after the market tanked clarifying Sebi stand on P-Notes. He said PNs are welcome to invest in India post-registration as FII. Defending Sebi's move, Chidambaram said the move... |
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Worst may be over, surprised by mkt recovery: MOST |
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Raamdeo Agrawal, MD, Motilal Oswal Securities said that they expect more steps to be taken to address surging inflows. According to him, flows to EMs won't stop and India will remain a favourite. Agrawal added that the basic trend of global... |
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P-Notes, right move for medium term: Uday Kotak |
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Uday Kotak, VC and MD, Kotak Mahindra Bank believes the P-Notes move in the medium-term, is a right move, but it may hold short-term pain. He said the direction of proposals does not go against capital flows... |
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