Punjab & Sind Bank considers QIP option to raise funds and reduce government stake

The Chief Minister of Karnataka, DK Shivakumar, expanded his government's composition by conducting a cabinet expansion and appointing new ministers with corresponding responsibilities over various departments. This move is expected to accelerate administrative work in the state.

According to the published list, the Prime Minister himself retained several important and large departments. These include the Ministry of Finance, Cabinet Affairs, Department of Personnel and Administrative Reforms (DPAR), Intelligence, Information, Law, Justice and Human Rights, Parliamentary Affairs, Agricultural Marketing, Directorate of Urban and Territorial Planning, as well as all urban local self-government bodies within the BDA and BMRDA zones.

Furthermore, all departments that were not transferred to other ministers remain under the control of Chief Minister DK Shivakumar.

As part of the cabinet expansion, new ministers were assigned important areas of responsibility. This distribution of powers occurred during a period when the government aims to accelerate the implementation of development projects in the state. Political experts believe that after receiving these departments, the ministers will be able to implement plans on the ground more quickly. The public also holds high hopes for these new responsibilities and the cabinet expansion.

During the cabinet expansion, Ramalinga Reddy received the portfolio of ecology, and Lakshman Savdi was given the department of cooperation.

Difficulties continue to plague actor Rajpal Yadav. Following a case regarding the dishonor of nine crore rupees in cheques, serious steps have been taken by the Central Bank of India to recover the loan.

A notice regarding the sale of two major assets belonging to Rajpal Yadav was posted at the Central Bank of India branch in Shahjahanpur. The actor owed the bank 16.61 crore 61 lakh 64 thousand rupees. Rajpal Yadav took out this loan for the filming of the movie 'Ata Patla Paata'.

Bank debt recovery department employees visited Rajpal's native village in Shahjahanpur and posted a notice there about the auction of the actor's property. The bank claims that this amount includes the principal loan amount as well as accrued interest.

According to available information, Rajpal has two real estate properties in Shahjahanpur: one in the city, and another—a field and house in the village. The total estimated value of these two properties in Shahjahanpur is 3 crore 19 lakh 26 thousand rupees. The sale of this property is scheduled for September 9, 2026, in an online format.

Rajpal Yadav provided the property of his wife, Radha Yadav, and mother, Godavari Yadav, as collateral for the loan. The property sale proceedings are underway not only in Shahjahanpur but also in Mumbai. The bank will continue the recovery process according to established rules. If the debt is not repaid on time, the procedure for selling the respective assets may be initiated.

It should be noted that the company owning the dishonored cheque also resides in Shahjahanpur. Currently, no official comments have been received from Rajpal Yadav regarding this matter. It remains to be seen how he will react to this situation. As for Rajpal Yadav's work, he recently participated in Akshay Kumar's film 'Velmak Tu Da Jungle'.

The volume of domestic institutional inflows reached a record $166 billion over the last 22 months, fundamentally changing the share ownership structure in the Indian market. Domestic institutional investors now hold 21% of the Nifty 500 index, a historic high, compared to 17% held by foreign institutional investors. This indicates a growing reliance of Indian stocks on domestic rather than foreign capital, according to Motilal Oswal Financial Services.

This shift occurred after domestic investors compensated for a $58 billion sell-off by foreign investors over the past two years. This suggests that the Indian market is increasingly supported by household savings rather than external capital. This figure concludes nine consecutive quarters of growth in DII's share.

Shift from Foreign to Domestic Capital

For decades, FIIs were considered minor buyers dictating the direction of Indian stocks. Large foreign inflows often spurred market rallies, while significant sales caused sharp corrections. However, this situation is changing.

According to the report, DIIs invested $166 billion in Indian stocks over the last 22 months, fully covering the cumulative FII outflow of $58 billion. A stable flow through Systematic Investment Plans (SIPs), averaging about $3 billion monthly, has become a structural source of liquidity, protecting markets from global risk aversion and reducing India's dependence on foreign funds.

The report notes that this structural shift in institutional ownership, gaining momentum since 2021, continues to strengthen as DII assets reach new peaks, accounting for 21% of Nifty 500 companies as of June 2026. Conversely, the FII share has dropped to a new low of 17% during the same period. In Q2 2026, DIIs invested $22.8 billion in Indian stocks, supported by a steady SIP pace. In contrast, FII flows were volatile; although they turned positive in the second half of June 2026 at $1.3 billion versus a net outflow of $4.3 billion in the first half of June 2026, leading to a total FII outflow of $13.2 billion in Q2 2026.

Domestic Investors Buy Across the Market

The growing dominance of domestic investors is not limited to a small number of companies. Over the past year, DIIs increased their stakes in 73% of Nifty 500 index companies, while FIIs reduced their positions in 59% of the index components. This trend is more pronounced among blue chips: domestic institutions increased their holdings in 82% of Nifty 50 companies, compared to how FIIs decreased their stake in 72% of those companies.

The report also shows that DII ownership has reached record highs in large, mid-cap, and small-cap stocks, indicating that domestic flows support the market across the entire capitalization spectrum, rather than concentrating in a few large companies.

Where Domestic Funds Are Going

The report demonstrates that domestic investors are supporting India's growth story across various sectors. Over the last year, DIIs increased their stakes in 19 out of 24 Nifty 500 sectors. The largest growth was observed in private banks, telecommunications, real estate, technology, healthcare, insurance, automotive, Public Sector Undertaking (PSU) banks, NBFC lending, retail, and capital goods. Conversely, FIIs reduced their positions in 19 sectors, selectively increasing exposure only in metals, PSU banks, NBFC lending, capital goods, and logistics.

The broad nature of domestic purchases indicates that mutual funds and other institutional investors maintain a constructive view on India's long-term profitability and economic prospects, despite periodic selling by foreign participants.

Banks Remain the Biggest Bet

Despite differences in ownership trends, both domestic and foreign investors continue to favor financial stocks. Banking, financial services, and insurance (BFSI) accounted for 34.6% of FII distribution and a record 29.4% of DII distribution within the Nifty 500, making this sector the largest for both investor groups.

For domestic institutions, top sectoral allocations include automotive, consumer goods, capital goods, and oil and gas. BFSI (34.6%) remained the largest sectoral expense for FIIs in the Nifty 500, followed by Automotive (8.0%), Healthcare (6.9%), Oil & Gas (6.5%), and Capital Goods (6.2%). For DIIs, BFSI (29.4%) was also the largest allocation and reached a historic high, followed by Automotive (7.9%), Consumer Goods (7.6%), Capital Goods (7.4%), and Oil & Gas (7.3%).