Sebi is proposing a new system for mutual fund investments. Investors will soon be able to start investing once their KYC is verified. This aims to streamline the process and prevent issues with non-compliant folios. The regulator also highlighted problems with incorrect bank details affecting redemptions and dividends.
Axis Bank shares rise 2% as lender set to invest Rs 1,500 crore into NBFC arm Axis Finance
Axis Bank shares gained after the lender approved a Rs 1,500 crore capital infusion into its NBFC arm, Axis Finance. The move follows a pause