A leave vote means the future of Britain's financial services industry is now hanging in the balance.
Today, they can't meet even the piffling capital norm set by Mint Road - Rs 5 crore for partnerships and Rs 10 crore for public and private firms in this line of business. Bulk of the trades are put through e-platform offerings of Reuters, Bloomberg, JPMorgan, Barclays or Deutsche Bank. And they have the web-based FXall, FXconnect, Atriax, Hotspotfx and LavaFX for company.
Private banks are assumed to be more efficient at intermediating between depositors and investors.
Banks bore the brunt of the sell-off.
FIIs pump in $1.4 billion in March, after pulling out $2.9 billion in Jan-Feb.
The good news for us is that India's economy - and sentiment about it - is much better than it was a year ago, says Jamal Mecklai.
Mop-up misses target as big FIIs skip issue.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
Depending on your liquidity requirement, invest in the right debt instruments.
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