Though it was speculated that  the government  was keen to bring in a private sector professional to head the largest general insurer in the country, sources point out that there might have been a change of mind again on the part of the  government and the ministry of finance would like NIA to be headed by a PSU general insurer.

FPIs have been net sellers almost throughout this year barring a couple of months such as January, March, July and August. In these four months, overseas investors have put funds totalling over Rs 320 billion. However, experts believe in withdrawal of funds in October has shaken the market.