Custodians plan to charge higher fee from foreign portfolio investors

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At present, custodians pocket interest — similar to the overnight bank rates — on Rs 1 trillion float.

The move is expected to benefit FPIs from custodians who may face reduced interest income they pocket from client funds.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Foreign portfolio investor Sebi FPI Stock market trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-01 @ 22:52:00 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 113 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22321463

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 170 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

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News Language: English

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Publisher ID: #49

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