The total market value of foreign institutional investors' holdings in Indian banks has risen to ₹8.3 lakh crore as of June 30, from ₹7.7 lakh crore a year ago, said the report.

Sandeep Das, the India head of private banking clients at Barclays, is set to join Centrum Group as head of its wealth management subsidiary, Centrum Wealth, amid a top-deck reshuffle. Das, who has over three decades' experience, will fill a leadership void left by the removal of two managing directors last year due to "loss of confidence".