Kotak MF’s Nilesh Shah warned that India’s capital markets are exposed to HFT manipulation due to regulatory gaps. Comparing India to China, he proposed five urgent reforms—from stronger enforcement to financial literacy—to counter potential threats like Jane Street and protect retail investors from unchecked speculation and systemic manipulation.
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.