Margin Trading Funding (MTF) in India reached a record high in August, exceeding ₹96,000 crore, reflecting strong investor confidence despite market fluctuations. This surge indicates a growing appetite among retail investors to borrow for stock market investments. Hindustan Aeronautics, Tata Motors, and TCS are among the most traded stocks using borrowed funds, highlighting specific investment preferences.
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.