BlackRock and BofA Engage in Talks with Sebi Regarding Netting and SLB Reforms

Several experts have noted a growing trend in India-specific fund mandates, moving beyond just being part of the emerging markets group. India has consistently outperformed other BRICS nations since the onset of the pandemic. BlackRock, the world’s largest asset manager with $12.5 trillion in assets, has shown interest in implementing financial netting in Indian equity markets. Meanwhile, the top India executive at Bank of America has highlighted the importance of reforms in securities lending and borrowing.