Mumbai, March 20 (IANS). Investment in India is playing an important role in furthering the growth of banks. The reason for this is the disinvestment scheme and strong domestic flow of the government. This information was given in a report released on Thursday.
The Department of Investment and Public Assets Management (Deepam) has set a disinvestment target of Rs 47,000 crore for FY 26, providing good opportunities to the investment banks.
The MK Investment Banking report said that in recent years, IPOs of major public companies like LIC and IREDA, as well as IRCTC, ONGC, HAL and Coal India, have kept the market active in companies like IRCTC, ONGC, HAL and Coal India.
The report stated that India is expected to further boost the growth of financial year 26 and then after the upcoming IPOs and fund raising activities of cooking coal, CMPDI, MNGL, IREDA and several banks.
The report further stated that the strong participation of investors continues in India’s equity markets. In 2024, 92 IPO collectively raised an amount of more than Rs 1.62 lakh crore, while Rs 1.36 lakh crore was raised through qualified Institutional Placement (QIP).
According to the report, markets remain strong with the support of Systematic Investment Plan (SIP).
For the last 11 months, SIP investment has been above Rs 20,000 crore in a row and has been more than Rs 25,000 crore for the last five months. This shows the confidence of investors regarding the market.
The report further stated that domestic institutional investors (DIIs) are also playing an important role in supporting the market. In FY 25, DII has invested Rs 5.7 lakh crore in the stock market.
According to the report, the financial sector will boost the repo rate cut and the risk load cut on NBFC loans.
-IANS
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