Banks face significant treasury losses as the 10-year yield surged past 7%. This unexpected jump impacted rupee and bond markets. Traders are cautious, adjusting to a new reality of prolonged conflict and potential inflation. The market now anticipates further yield increases with upcoming government security auctions. Banks are preparing for supply in the next financial year.
Sebi warns listed firms, regulated entities against rising ‘Boss Scam’ cyber fraud
Sebi has issued a warning to all regulated entities regarding a rising cyber fraud known as the ‘Boss Scam’. In this scheme, fraudsters masquerade as