The Securities and Exchange Board of India (Sebi) is investigating the surge in thematic mutual fund launches, which raised about ₹80,000 crore in 2024. Sebi chairperson Madhabi Puri Buch mentioned an incentive-driven arbitrage in the proliferation, with thematic funds now managing assets worth ₹4.63 lakh crore.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs