The collapse of First Republic Bank, the third major casualty of the US banking sector since 2008, has led to the fall of shares of regional lenders. The KBW Regional Banking Index was down nearly 1%.
Mutual fund NFOs: 6 new funds to open for subscription this week; ICICI Prudential MF to launch 3 life cycle funds
Around six new mutual fund schemes will open for subscription between August 24 and August 28. The upcoming launches include three target-date life cycle funds