Mukul Mahavir Agrawal acquired a 1.27% stake in Jammu & Kashmir Bank during the June 2024 quarter. The bank reported a 9.5% YoY growth in total business in Q1FY26, with deposits up 12% and advances up 5.5%. While Q4 net profit declined due to higher provisions, the board recommended a 215% dividend payout.
Sebi permits use of mutual funds for IAs, RAs deposit compliance
Sebi has allowed investment advisers and research analysts to use liquid mutual funds and overnight mutual funds for meeting their mandatory deposit requirements, providing an