The National Pension System (NPS) is undergoing a silent revolution. With the Multiple Scheme Framework now allowing 100% equity allocation, lower fees, and proposed exit flexibility, investors have unprecedented control over retirement planning. Over 9 crore Indians are already part of the system, which offers tax benefits, low costs, and long-term wealth-building potential—making NPS a powerful alternative to traditional retirement products.
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.