S&P BSE Private Banks Index: Asia Index Pvt Ltd launches index to measure the performance of private banks
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
This index is designed to provide market participants with transparent and rules-based benchmark that measures performance of private banks listed in India. It 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. The index will be calculated in Indian Rupees and US Dollar in real-time by BSE, Asia’s oldest exchange.