Updated By: LatestGKGS Desk
Asia Index Pvt Ltd launched S&P BSE index to measure the performance of private banks
Asia Index Pvt Ltd launched S&P BSE index to measure the performance of private banks: Details, Aim, Purpose, Highlights
Asia Index Pvt Ltd has launched S&P BSE Private Banks Index to measure the performance of private banks. Asia Index Pvt Ltd is a joint venture between S&P Dow Jones Indices and BSE Ltd
S&P BSE Private Banks Index is designed to provide market participants with a transparent and rules-based benchmark that measures the performance of private banks listed in India.
S&P BSE Private Banks Index draws from constituents of S&P BSE Finance Index. Only common stocks classified as banks by BSE Sector Classification model and that are not classified under BSE scrip category as Public Sector Undertaking (PSU) are eligible for this index.
S&P BSE Private Banks Index will be calculated in Indian Rupees and US Dollar in real-time by BSE, Asia’s oldest exchange.
About Asia Index Pvt. Ltd
Asia Index Pvt. Ltd is a 50-50 partnership between S&P Dow Jones Indices LLC, the world’s largest provider of financial market indices, and BSE Ltd, Asia’s oldest stock exchange and home to the iconic SENSEX index - a leading indicator of Indian equity market performance.
Asia Index Pvt. Ltd, which combines the benchmarks, market intelligence, and insights of both parent companies, each established more than 115 years ago, aims to provide a full array of indices enabling global and domestic investors to participate in South Asia’s vibrant economies.
