|
Latest data published by the RBI showed that in April and May, the central bank purchased dollars worth $8 billion and $23.6 billion, respectively, in the currency market, while making sales worth $11.7 billion and $19.4 billion.
Category:
News and Media
A section of wealth managers points out that there has been rapid growth in the mutual fund industry, with 9.7 million new investors coming in the last 12 months. As valuations in equities are no longer cheap and with many first-time investors moving from bank deposits, the need for low-volatility products has multiplied.
Category:
News and Media
The lender posted a 5% growth in its net interest income to 5,347 crore. Meanwhile, the net interest margin for the quarter under review stood at 4.08%, down by 21 bps from 4.29% reported in the quarter last year.
Category:
News and Media
All news |
||||||||||||||||||
|