Sebi has proposed easing the process for investors to obtain duplicate physical share certificates by doubling the simplified-documentation limit to ₹10 lakh and allowing a single Affidavit-cum-Indemnity. The regulator also plans standardised forms, company-issued newspaper notices for higher-value cases, and mandatory demat issuance to streamline legacy physical holdings.
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.