Dear Team, Incessant selling by FIIs continues with February also likely to see selling in excess of Rs 50000 crs. Cumulatively since October FIIs have sold more than 300000 crs. Multiple reasons like tariffs by the US, dollar strength, flows to China and of course the slowdown in India. The government and the central bank in the last few weeks have announced a slew of measures to arrest the slowdown. RBI has cut interest rates by 25 bps, government has increased the basic exemption limit in the budget, RBI has been announcing OMO to reduce the banking deficit and thereby keep interest rates in control. The latest measure to reverse the slowdown has been to reduce the capital requirement for the unsecured loans. In 2023, in order to slowdown the unsecured loans RBI had raised the risk weight on unsecured loans from 100% to 125%. Yesterday the central bank has reduced this risk weight back to 100%. In other words banks need to put aside less capital now to grow their unsecured loan book. In a nutshell we are seeing a slew of measures by the government and the central bank to revive growth. Already the PMI for the last month was better than the previous months signalling a revival of growth. We strongly believe a bounce back is round the corner. Expect banks and NBFCs to do well because of the measures RBI announced In the recent past.