Real-time allocation of resources empowers banks and financial institutions(FIs) in India to scale operations seamlessly eliminating the need to set up capital-intensive Information Technology(IT) infrastructure
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As per the SEBI definition, multi-asset allocation funds are required to invest at least 10% each in a minimum of three asset classes. As a result, most of the funds offer investors exposure to a mix of asset classes such as equity, debt, and commodities, writes VH Krishnan, Founder, Flywheel Capital
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Though buyers and sellers remained undisclosed, the offer floor price of Rs 1,120 marked a 1 per cent discount from the previous day's closing price of Rs 1,131
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This adjustment meant senior citizens could now earn up to 7.80 per cent on fixed deposits ranging from 23 months to two years
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According to bankers, creative structuring of loans might have led to breaches in regulations
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The Wall Street giant, ranked third globally in custodial services, is in the process of selecting a replacement bank to take over these specific operations in Hong Kong and Taiwan, as per these sources
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Jefferies noted a strong outlook for credit growth despite a decline in unsecured personal loans
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This increase, up to 85 basis points (bps), spans various tenures, enhancing potential gains, the bank announced
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