Five new mutual funds and one SIF are set to open for subscription this week. Fund houses typically roll out fresh products to expand their range of offerings (Source: ACE MF and Value Research).
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.