Amid increasing financialisation of household savings, the number of retail investors have been increasing steadily in the last few years. In September month alone, over 20 lakh new demat accounts were added, taking the total number of accounts to more than 10 crore.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.