Capital market regulator Sebi has barred Nasiruddin Ansari and associates, operators of the Baap of Chart platform, from accessing the securities market for providing unregistered investment advisory services. Sebi instructed them to refund Rs 17 crore to investors through an escrow account and publish notice in national newspapers.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,