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It expressed that the public banks stood to roll over their auxiliary tier 1 bonds that were unsettled for a call option in FY22, contemplating a strong investor thirst for their distributions, which portends well for their future issuances.
The company's Non-Performing Assets rose from only Rs 357 crore in 2017 to more than Rs 2,600 crore.
187 new branches have been opened up by the company over the past 12 months.
"We expect MF Industry to continue to report robust growth, and deliver value to its investors beyond 2021," said N S Venkatesh, Chief Executive, AMFI.
The Centre has no plans to abolish the long-term capital gains (LTCG) tax on equities and mutual funds stated the Finance Minister.
Finance Minister Nirmala Sitharaman mentions that the speculations on the Cryptocurrencies regulations are not healthy.
In the latest Series G round of funding led by Mumbai-headquartered IIFL Finance Ltd., the company managed to raise $52 million, taking Licious’ to a post-money valuation of $1.05 billion.
Prime Minister Narendra Modi’s current net worth has been declared on the government website.
Finance Minister said: "The government guarantee up to Rs 30,600 crore for security receipts issued by the National Asset Reconstruction Company (NARCL)."
In the current finical year public sector banks aim to achieve new schemes such as pre-approved car loans, EMI offers on e-commerce and MSME customers for the consumers belonging to the retail sector.
The highest number of traditional ATMs installed by any bank is around 60,000 which is installed by Spice Money, emerging as the fastest-growing micro-ATM network in the country, it averred in a statement.
Bitcoin has gone above the $46,000 mark (more than around Rs 34 lakh per coin) yet again. The most popular cryptocurrency has been trading in the green with a market cap of more than $848 billion, as per the CoinMarketCap data.
The business enterprise is making plans to raise Rs 5,000 crore through public offer, comprising a clean problem of Rs 1,500 crore and a suggestion for sale of Rs 3,500 crore by promoter Niyogi Enterprise.
The implementation of Doorstep service charges, changes in salary, EMI, increased cash withdrawal charges and updated charges of ICICI bank will not just change the personal finance but will transform the entire economy.
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