The Securities and Exchange Board of India (SEBI) on Tuesday proposed that offshore derivative instruments (ODIs) issued by offshore funds should be backed only by cash equity or debt positions and not derivatives.
Unlike a year ago, SBI did not have to make a ₹7,100-crore provision for employee pension and wages, boosting profit growth at the country’s most-valued
Amid expectations of a softer rate cycle, several banks plan to raise the share of MCLR-linked loans to protect net interest margins from falling sharply
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