Asia Index Pvt. Ltd launched the S&P BSE Private Banks Index.
On September 5, 2018, S&P BSE Private Banks Index launched by the Asia Index Pvt. Ltd .The objective of this to measure the performance of private banks.
i. It is drawn from the constituents of the S&P BSE Finance Index, the Asia’s oldest exchange.
ii. This index would measures the performance of private banks listed in India.
iii. The index is calculated in Indian Rupees and US Dollar and is calculated real-time by BSE.
About Asia Index Pvt Ltd:
♦ It is a 50:50 joint venture between S&P Dow Jones Indices and BSE Ltd.
♦ Headquarters: Mumbai.