Samir Arora de Helios Capital afirma que la decepción con el HDFC Bank impulsó las salidas de fondos de inversión extranjera en enero.

Despite this setback, Samir Arora, the founder and fund manager at Helios Capital Asset Management (India) Pvt, expressed optimism about Indian markets. He mentioned that people’s frustration in Chinese markets has been driving investment to India. Overseas institutional investors offloaded $3,096 million worth of stocks in January, the highest outflow in one year according to data from the National Securities Depository Ltd. Investors seem to be grappling with concerns about whether it is too late to enter the Indian market and whether valuations are currently high, according to the fund manager. The recent directives from the Reserve Bank of India for Paytm Payments Bank are viewed as a wake-up call for the entire fintech industry.

The central bank found major supervisory concerns and persistent non-compliance from Paytm’s Payments Bank. On Jan. 31, it restricted the payments bank from undertaking any fresh deposit or credit transactions from Feb. 29. After this, Paytm operator One97 Communications Ltd. said it would be working only with other banks and not its own payment banks. The restrictions raised concerns about the security and continuity of financial services provided by Paytm, according to the Confederation of All India Traders’ National President BC Bhartia and Secretary General Praveen Khandelwal in a statement on Sunday.