SEBI Shakes Up Banking Indices: Bank Nifty & BSE Bankex Face Major Weight Realignment

Regulators just flipped the script on India's banking benchmarks.
SEBI's proposed overhaul targets index heavyweights—because apparently some banks are more equal than others. The move could trigger a domino effect across ETFs, derivatives, and passive funds tied to these indices.
Bank Nifty and BSE Bankex constituents: check your privilege. The era of free-riding on index inclusion may be ending as SEBI forces a reckoning with actual market realities.
One cynical take? This 'rebalancing' conveniently drops just before quarterly recons—giving fund managers yet another excuse for underperformance.