Sebi’s new SWAGAT-FI framework offers “diplomatic passport” status to trusted foreign investors like sovereign funds and pensions, easing entry, extending registration validity to 10 years, and simplifying compliance — a move aimed at stabilising FII flows and attracting long-term global capital.
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.