HSBC, Europe’s largest lender by assets, reported an 11% increase in pre-tax profit in its Indian operations to $1.68 billion for the last calendar year, driven by growth in both wholesale and retail banking. The bank, recently approved to expand in India, aims to leverage new local opportunities.
8 AMCs see surge by over Rs 10,000 crore in their AUM in June
Eight mutual fund houses witnessed a surge of more than Rs 10,000 crore in their respective AUMs. There are 45 mutual fund houses in the