SEBI revamped technical glitch norms for brokers, easing compliance by limiting applicability to firms with over 10,000 clients, simplifying reporting, granting exemptions, and rationalising penalties, offering relief to smaller brokers while maintaining technology, risk management and market integrity standards nationwide.
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.