FPI’s withdraw investments from PNB after Nirav Modi fraud case
An amount of Rs. 10,000 crore has been pulled off by the foreign investors from the Indian stock market after the PNB fraud scam. There was an inflow of over Rs. 13,780 crores by foreign investors in January. But soon the Nirav Modi Rs. 11,400 crore fraud was disclosed in February. “This could be a momentary scenario as India is a favourable choice for investments by FPIs,” said Nalini Jindal at Intellistocks.