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SEBI orders phased overhaul of Bank Nifty and financial stock indexes
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SEBI orders broad-based index re-weights in banking/financial stocks to curb manipulation and reshape fund-flows.
The Securities and Exchange Board of India mandated that the banking and financial-services indexes such as Nifty Bank, Bankex and Nifty Financial Services undergo restructuring by March 2026. Smaller weights for top constituents and more broad-based inclusion are required. The aim is to reduce exposure to manipulation risks linked with derivative-linked large-cap banks. The changes may alter fund flows, reweight ETFs and force index-capped funds to rebalance holdings ahead of the phased rollout.