Jana Small Finance Bank’s plan to transition into a universal bank has hit a setback after the Reserve Bank of India (RBI) returned its application citing non-fulfilment of eligibility criteria. Managing director Ajay Kanwal said the bank will reapply after addressing the gaps, adding, “We respect RBI’s decision and will work to fulfil the requirements.”
Mutual fund SIPs did better than lumpsum across 5 equity categories in 2 years. Check details
Over two years, SIPs outperformed lump-sum investments across equity fund categories, with the gap widest in smallcap funds. SIPs delivered positive average returns even where
September 26, 2026